Consumer Price Index: Harmonized Prices: All Items: Total for Ireland
IRLCPHPTT01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.40
Year-over-Year Change
2.51%
Date Range
1/1/1995 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices: All Items in Ireland measures the overall price changes for consumer goods and services. It is a key indicator of inflation and an important metric for economic 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 CPI for Harmonized Prices: All Items in Ireland is a comprehensive measure of the average change in prices paid by consumers for a basket of goods and services. It is harmonized across European Union countries to enable international comparisons and analysis of economic trends.
Methodology
The data is collected through surveys of consumer expenditures and prices.
Historical Context
The CPI is used by the European Central Bank and Irish government to monitor and manage inflation.
Key Facts
- The CPI base year is 2015.
- Ireland's CPI reached a high of 105.3 in 2022.
- The CPI is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Harmonized Prices: All Items in Ireland measures the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator of inflation and cost of living, informing economic policy and providing insight into consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The CPI is used by the European Central Bank and Irish government to monitor and manage inflation.
Q: Are there update delays or limitations?
A: The CPI is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Ireland (IRLCPHPTT01IXEBM), retrieved from FRED.