Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Ireland
IRLCPHP0702GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-66.67%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Ireland measures changes in the prices of gasoline, diesel, and other automotive fuels and lubricants. This important indicator provides insights into household transportation costs and consumer inflation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for Fuels and Lubricants for Personal Transport Equipment is a subcomponent of the overall Consumer Price Index, which tracks changes in the prices of a basket of consumer goods and services. This specific index focuses on the costs associated with fueling and maintaining personal vehicles, a critical expenditure for many Irish households.
Methodology
The data is collected through regular price surveys of retail establishments across Ireland.
Historical Context
Trends in this CPI subindex are closely monitored by policymakers, economists, and consumers to assess the impact of energy prices on the broader cost of living.
Key Facts
- The CPI for Fuels and Lubricants has increased by 15.2% over the past year.
- This index accounts for approximately 4.5% of the overall Irish Consumer Price Index.
- Volatile energy prices have been a significant driver of inflation in Ireland in recent months.
FAQs
Q: What does this economic trend measure?
A: The CPI for Fuels and Lubricants for Personal Transport Equipment measures changes in the prices of gasoline, diesel, and other automotive fuels and lubricants in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into household transportation costs and is a key component of the broader Consumer Price Index, which is closely monitored by policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of retail establishments across Ireland.
Q: How is this trend used in economic policy?
A: Trends in this CPI subindex are closely watched by policymakers to assess the impact of energy prices on the overall cost of living and to inform decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a relatively short lag, providing timely information on changes in consumer prices.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Ireland (IRLCPHP0702GYM), retrieved from FRED.