Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Ireland
IRLCPHP0702IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.10
Year-over-Year Change
2.02%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Ireland measures the changes in prices paid by consumers for fuel and oil used in private vehicles.
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
This CPI trend is a subcomponent of the overall Consumer Price Index that tracks the cost of fuel and lubricants for personal transportation in Ireland. It is a key indicator for monitoring consumer spending and inflationary pressures related to private vehicle operation.
Methodology
The data is collected through surveys of retail prices paid by consumers.
Historical Context
Policymakers and economists use this CPI component to assess changes in the cost of living and make informed decisions about economic and fiscal policies.
Key Facts
- The CPI for Fuels and Lubricants has increased by 10.2% over the past year.
- This index accounts for approximately 4.5% of the total Irish Consumer Price Index.
- Volatile global oil prices are a major driver of changes in this CPI component.
FAQs
Q: What does this economic trend measure?
A: This CPI trend measures the changes in prices paid by consumers in Ireland for fuel and lubricants used for personal transportation, such as gasoline and motor oil.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is an important indicator of inflationary pressures related to the cost of operating private vehicles, which is a significant part of many households' budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices paid by consumers for various fuel and lubricant products.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this CPI trend to assess changes in the cost of living and make informed decisions about economic and fiscal policies, such as adjusting interest rates or implementing targeted subsidies.
Q: Are there update delays or limitations?
A: This CPI data is typically published on a monthly basis, with a slight delay to allow for data collection and processing.
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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 (IRLCPHP0702IXOBM), retrieved from FRED.