Harmonized Index of Consumer Prices: Health for Ireland
CP0600IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.20
Year-over-Year Change
2.65%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Health in Ireland measures the changes in prices paid by Irish consumers for a basket of healthcare goods and services. This important economic indicator helps policymakers and analysts assess inflation and cost-of-living trends in the Irish healthcare sector.
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 for Health in Ireland is a component of the broader HICP, which is the European Union's primary measure of consumer price inflation. The Health subindex tracks changes in prices for medical products, appliances and equipment, as well as hospital services and outpatient care.
Methodology
The HICP is calculated based on a representative sample of consumer purchases.
Historical Context
The HICP Health index is used by the European Central Bank and Irish government to monitor and manage healthcare inflation.
Key Facts
- The HICP Health index uses 2015 as its base year.
- Ireland's HICP Health index has increased by 8.3% over the past 5 years.
- Healthcare costs make up around 5% of the total Irish consumer price basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Health in Ireland measures changes in the prices paid by Irish consumers for a basket of healthcare goods and services.
Q: Why is this trend relevant for users or analysts?
A: The HICP Health index is an important indicator of healthcare-related inflation in Ireland, which is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a representative sample of consumer purchases.
Q: How is this trend used in economic policy?
A: The HICP Health index is used by the European Central Bank and Irish government to monitor and manage healthcare inflation in the country.
Q: Are there update delays or limitations?
A: The HICP Health index for Ireland is published monthly with a typical 2-3 week delay.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Ireland
IRLCP010000IXOBQ
Loans from Non-Resident Banks, Net, to GDP for Ireland
DDOI08IEA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Ireland
IRLCP070000IXOBM
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Ireland
DDOI10IEA156NWDB
Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Ireland
LRUN74MAIEA156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Ireland
CPGRLE01IEQ659N
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Health for Ireland (CP0600IEM086NEST), retrieved from FRED.