Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Ireland
IRLCPHP1000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.30
Year-over-Year Change
2.25%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Education in Ireland measures changes in the prices paid by consumers for educational goods and services. This metric is a key indicator of inflation within the education sector and is closely monitored by policymakers.
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 Education CPI for Ireland tracks the prices of a basket of educational goods and services, including tuition fees, textbooks, stationery, and other school-related expenses. It is part of the broader Harmonized Index of Consumer Prices (HICP), which allows for cross-country comparisons of inflation data within the European Union.
Methodology
The data is collected through regular surveys of educational institutions and retailers by Ireland's Central Statistics Office.
Historical Context
The Education CPI is used by the European Central Bank and Irish government to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The base year for the Education CPI in Ireland is 2015.
- Education accounts for approximately 3% of the total consumer expenditure in Ireland.
- The Education CPI has risen by 10% in Ireland over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Education CPI for Ireland measures changes in the prices paid by consumers for educational goods and services, including tuition fees, textbooks, and other school-related expenses.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is a key indicator of inflation in the education sector, which is closely monitored by policymakers and economists to inform decisions on monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of educational institutions and retailers by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: The Education CPI is used by the European Central Bank and Irish government to help maintain price stability and inform policies related to the education sector.
Q: Are there update delays or limitations?
A: The Education CPI data for Ireland is published monthly with a typical delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Ireland (IRLCPHP1000IXOBM), retrieved from FRED.