Harmonized Index of Consumer Prices: Other Personal Effects for Ireland
CP1232IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.00
Year-over-Year Change
-0.41%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Other Personal Effects for Ireland measures changes in the prices of personal care and other miscellaneous goods and services for Irish consumers. This indicator is a key metric for assessing overall price levels and inflation in the Irish economy.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of consumer price inflation across European Union countries. The 'Other Personal Effects' component specifically tracks changes in the prices of items like cosmetics, jewelry, watches, and other personal accessories and care products.
Methodology
The data is collected through surveys of Irish households and businesses by Eurostat.
Historical Context
Policymakers at the European Central Bank and Irish government use this HICP component to guide monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The base year for this HICP series is 2015.
- Ireland's 'Other Personal Effects' HICP has increased by 3.2% over the past year.
- This index component makes up around 2% of Ireland's overall consumer price basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Other Personal Effects for Ireland measures changes in the prices of personal care and other miscellaneous goods and services for Irish consumers.
Q: Why is this trend relevant for users or analysts?
A: This HICP component is a key indicator of overall price levels and inflationary pressures in the Irish economy, which is useful for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish households and businesses by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank and Irish government use this HICP component to guide monetary and fiscal policies aimed at maintaining price stability.
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: Other Personal Effects for Ireland (CP1232IEM086NEST), retrieved from FRED.