Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Ireland
IRLCPHP1000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Ireland measures changes in the prices of educational goods and services in Ireland. This key economic indicator provides insight into inflation and consumer spending patterns in the Irish education sector.
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 education in Ireland tracks the cost of a representative basket of educational items, including tuition fees, textbooks, and other school-related expenses. This data is used by policymakers, economists, and market analysts to understand cost-of-living trends and assess the impact of inflation on households and educational institutions.
Methodology
The Irish Central Statistics Office collects price data from a sample of educational establishments and compiles the CPI education index.
Historical Context
The CPI education trend is monitored closely by the European Central Bank and national governments to inform economic and education policy decisions.
Key Facts
- Ireland's CPI education index has a base year of 2015.
- Education accounts for about 2% of the total Irish consumer price index basket.
- The CPI education trend is updated monthly by the Irish Central Statistics Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Ireland measures changes in the prices of educational goods and services in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into inflation and consumer spending patterns in the Irish education sector, which is crucial information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The Irish Central Statistics Office collects price data from a sample of educational establishments and compiles the CPI education index.
Q: How is this trend used in economic policy?
A: The CPI education trend is monitored closely by the European Central Bank and national governments to inform economic and education policy decisions.
Q: Are there update delays or limitations?
A: The CPI education trend is updated monthly by the Irish Central Statistics Office with no significant delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Ireland (IRLCPHP1000GPM), retrieved from FRED.