Consumer Price Index: Services Less Housing for Ireland
Annual
IRLCPISXHAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.07
Year-over-Year Change
35.10%
Date Range
1/1/1990 - 1/1/2017
Summary
The Annual trend measures the annual percent change in consumer prices for Ireland. This key inflation indicator is closely tracked by economists and policymakers to assess price dynamics and guide monetary policy decisions.
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 Annual trend represents the year-over-year percent change in the Ireland Consumer Price Index (CPI), a broad measure of consumer goods and services prices. It is a widely used benchmark for evaluating Ireland's inflationary pressures and real purchasing power.
Methodology
The data is calculated by the Central Statistics Office of Ireland based on a monthly survey of consumer prices.
Historical Context
Policymakers and analysts use this annual inflation metric to inform interest rate, fiscal, and economic growth decisions.
Key Facts
- Ireland's annual inflation reached a multi-decade high of 9.2% in 2022.
- The Annual trend is a key input for the European Central Bank's monetary policy.
- Consumer price growth has outpaced wage increases in Ireland in recent years.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the Ireland Consumer Price Index, a broad gauge of consumer goods and services prices.
Q: Why is this trend relevant for users or analysts?
A: This inflation indicator is crucial for evaluating Ireland's price dynamics and informing monetary policy decisions by the European Central Bank.
Q: How is this data collected or calculated?
A: The data is calculated monthly by Ireland's Central Statistics Office based on a comprehensive survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this annual inflation metric to guide interest rate, fiscal, and economic growth decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is typically published with a 1-2 month lag and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Annual (IRLCPISXHAINMEI), retrieved from FRED.