Harmonized Index of Consumer Prices: Food and Non-Alcoholic Beverages for Ireland
CP0100IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.50
Year-over-Year Change
4.67%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Food and Non-Alcoholic Beverages in Ireland measures changes in the prices paid by Irish consumers for food and non-alcoholic drink items over time. This key economic indicator is closely watched by policymakers and analysts to assess inflationary pressures.
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 is a standardized measure of consumer price inflation across European Union countries, allowing for international comparisons. The Food and Non-Alcoholic Beverages component provides insight into a major portion of household spending and can signal broader trends in the cost of living.
Methodology
The data is collected through surveys of Irish consumer prices and aggregated by Eurostat, the statistical office of the European Union.
Historical Context
The HICP is a critical input for the European Central Bank's monetary policy decisions.
Key Facts
- The HICP for Ireland is benchmarked to the year 2015.
- Food and non-alcoholic beverages account for around 15% of the Irish consumer price index basket.
- Ireland's HICP for food and drinks has risen by over 10% since 2020.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Food and Non-Alcoholic Beverages in Ireland measures changes in the prices paid by Irish consumers for food and non-alcoholic drink items.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into a major portion of household spending and can signal broader trends in the cost of living, making it closely watched by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish consumer prices and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP is a critical input for the European Central Bank's monetary policy decisions, as it helps assess inflationary pressures in the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a relatively short lag, making it a timely indicator of price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food and Non-Alcoholic Beverages for Ireland (CP0100IEM086NEST), retrieved from FRED.