Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for Ireland
00XTOBIEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.00
Year-over-Year Change
1.42%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Tobacco for Ireland measures the change in consumer prices for a broad basket of goods and services, excluding tobacco products. This metric is a key indicator of inflation trends and purchasing power in the Irish economy.
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 HICP Excluding Tobacco for Ireland is a harmonized, nationally representative index that tracks price changes for consumer goods and services. It excludes tobacco products to provide a more accurate picture of underlying inflationary pressures. This index is widely used by economists and policymakers to assess cost-of-living dynamics and guide monetary and fiscal policies.
Methodology
The data is collected through surveys of consumers and businesses by Ireland's Central Statistics Office.
Historical Context
The HICP Excluding Tobacco is a crucial input for the European Central Bank's monetary policy decisions affecting Ireland and the Eurozone.
Key Facts
- The index has a base year of 2015 = 100.
- It covers over 700 consumer goods and services.
- Ireland's HICP Excluding Tobacco has risen 3.2% year-over-year as of the latest data.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Tobacco for Ireland measures changes in the prices of consumer goods and services, excluding tobacco products, in the Irish economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of underlying inflationary pressures and purchasing power in Ireland, making it highly relevant for economists, policymakers, and consumers analyzing cost-of-living dynamics.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: The HICP Excluding Tobacco is a crucial input for the European Central Bank's monetary policy decisions affecting Ireland and the Eurozone.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag and may be subject to periodic revisions by the statistical agencies.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for Ireland (00XTOBIEM086NEST), retrieved from FRED.