Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for Ireland
CP0932IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.90
Year-over-Year Change
-5.84%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Equipment for Sport, Camping and Open-Air Recreation measures price changes for this category of consumer goods and services in Ireland. It is a key economic indicator used to track 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 Equipment for Sport, Camping and Open-Air Recreation component reflects price trends for items like sports equipment, camping gear, and outdoor recreational products purchased by Irish households.
Methodology
The data is collected through surveys of consumer expenditures and prices.
Historical Context
This HICP sub-index provides insights into consumer behavior and purchasing power that are relevant for policymakers and market analysts.
Key Facts
- The HICP is harmonized across EU countries for consistent comparison.
- Equipment for Sport, Camping and Open-Air Recreation accounts for around 1% of Irish household spending.
- Ireland's HICP for this category has increased by 2.5% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Equipment for Sport, Camping and Open-Air Recreation measures the change in prices for this category of consumer goods and services in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index provides insights into consumer behavior and purchasing power that are relevant for policymakers and market analysts assessing inflation and household spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: This HICP sub-index is used by economists and policymakers to monitor inflation and consumer spending, which informs decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for Ireland (CP0932IEM086NEST), retrieved from FRED.