Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Ireland
IRLCPIALLMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.89
Year-over-Year Change
2.19%
Date Range
2/1/1955 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Ireland measures changes in the prices of goods and services purchased by Irish consumers. It is a key indicator of inflation and an important tool 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 Ireland, based on the Classification of Individual Consumption by Purpose (COICOP) system, tracks price movements across a wide basket of consumer items. It is used to monitor cost-of-living changes and make adjustments to wages, social benefits, and other economic policies.
Methodology
The Irish CPI is calculated monthly by the Central Statistics Office based on a survey of prices across the country.
Historical Context
The CPI is closely watched by the European Central Bank and Irish government for insights into domestic and regional inflationary pressures.
Key Facts
- The CPI is Ireland's primary measure of consumer inflation.
- The index covers over 600 goods and services in the Irish consumer basket.
- Ireland's CPI is a component of the Harmonized Index of Consumer Prices (HICP) for the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Ireland tracks changes in the prices of goods and services purchased by Irish consumers, providing a measure of domestic inflation.
Q: Why is this trend relevant for users or analysts?
A: The Irish CPI is a crucial economic indicator used by policymakers, businesses, and consumers to understand cost-of-living changes and make informed decisions.
Q: How is this data collected or calculated?
A: The Irish CPI is calculated monthly by the Central Statistics Office based on a survey of prices across the country.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the European Central Bank and Irish government for insights into domestic and regional inflationary pressures, informing monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Irish CPI data is published monthly with a typical lag of 2-3 weeks, providing timely information on consumer price movements.
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DDDM03IEA156NWDB
Population ages 65 and above for Ireland
SPPOP65UPTOZSIRL
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Ireland
LFEM74FEIEA647N
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Ireland
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Ireland (IRLCPIALLMINMEI), retrieved from FRED.