Ireland - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Ireland was 108.73 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 108.73 in 2021 and a minimum value of 5.07 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 5.07
1961 5.21
1962 5.44
1963 5.57
1964 5.94
1965 6.24
1966 6.43
1967 6.63
1968 6.95
1969 7.46
1970 8.07
1971 8.80
1972 9.55
1973 10.64
1974 12.45
1975 15.05
1976 17.76
1977 20.15
1978 21.70
1979 24.59
1980 29.05
1981 34.97
1982 40.97
1983 45.25
1984 49.16
1985 51.81
1986 53.80
1987 55.50
1988 56.68
1989 59.00
1990 60.95
1991 62.91
1992 64.84
1993 65.80
1994 67.32
1995 69.02
1996 70.23
1997 71.30
1998 73.02
1999 74.21
2000 78.36
2001 82.18
2002 85.97
2003 88.97
2004 90.93
2005 93.14
2006 96.80
2007 101.54
2008 105.66
2009 100.93
2010 100.00
2011 102.56
2012 104.30
2013 104.83
2014 105.02
2015 104.71
2016 104.72
2017 105.08
2018 105.59
2019 106.58
2020 106.23
2021 108.73

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices