Harmonized Index of Consumer Prices: Accommodation Services for Ireland
CP1120IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178.80
Year-over-Year Change
1.19%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Accommodation Services in Ireland measures changes in the prices paid by Irish consumers for hotel stays and other accommodation services. This important economic indicator provides insights into inflation in the Irish hospitality 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 Accommodation Services in Ireland is a component of the broader HICP, which is the primary measure of consumer price inflation across the Eurozone. This subindex specifically tracks price movements in the Irish accommodation market, a key driver of the overall cost of living and important input for economic policymakers.
Methodology
The data is collected through surveys of Irish accommodation providers and compiled by Eurostat.
Historical Context
Trends in the HICP for Accommodation Services are closely monitored by the European Central Bank and Irish economic authorities to inform monetary and fiscal policy decisions.
Key Facts
- Ireland's HICP for Accommodation Services has a base year of 2015.
- This index is published monthly by Eurostat.
- Accommodation services make up around 4% of the total Irish consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Accommodation Services in Ireland tracks changes in the prices paid by Irish consumers for hotel stays, vacation rentals, and other accommodation services.
Q: Why is this trend relevant for users or analysts?
A: Trends in accommodation prices are an important input for understanding overall inflation in Ireland and assessing the health of the Irish hospitality industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish accommodation providers and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP for Accommodation Services in Ireland is closely monitored by the European Central Bank and Irish economic authorities to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This index is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Accommodation Services for Ireland (CP1120IEM086NEST), retrieved from FRED.