Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for Ireland
CP0122IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.10
Year-over-Year Change
5.17%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Mineral Waters, Soft Drinks, Fruit and Vegetable Juices measures price changes for these consumer goods in Ireland. This metric is a key indicator of inflation and consumer spending patterns.
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. The Mineral Waters, Soft Drinks, Fruit and Vegetable Juices index specifically tracks price fluctuations in these non-alcoholic beverage categories, providing insight into a vital segment of household expenditures.
Methodology
The data is collected through surveys of consumer transactions and calculated using a weighted average price index.
Historical Context
Policymakers and analysts use this HICP trend to assess domestic price levels and inform monetary and fiscal policy decisions.
Key Facts
- Ireland's HICP for non-alcoholic beverages increased by 3.2% in 2022 compared to the prior year.
- Soft drinks account for the largest share (over 50%) of this HICP index basket.
- The Mineral Waters, Soft Drinks, Fruit and Vegetable Juices index has a base year of 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Mineral Waters, Soft Drinks, Fruit and Vegetable Juices measures price changes for these non-alcoholic beverage categories in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides valuable insights into inflation and consumer spending patterns for a key household expenditure category, informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer transaction surveys and calculated using a weighted average price index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP trend to assess domestic price levels and inform monetary and fiscal policy decisions in Ireland.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for Ireland (CP0122IEM086NEST), retrieved from FRED.