Harmonized Index of Consumer Prices: Other Insurance for Ireland
CP1255IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.30
Year-over-Year Change
8.88%
Date Range
1/1/1999 - 11/1/2016
Summary
The Harmonized Index of Consumer Prices: Other Insurance for Ireland measures the cost of other insurance services for Irish consumers. This metric is a key indicator of inflationary pressures and household expenditures.
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 inflation across the European Union. The Other Insurance component tracks the prices of insurance services not related to housing, transportation, or health, providing insight into broader consumer price dynamics.
Methodology
The data is collected through surveys of Irish households and businesses by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this HICP component to assess overall price stability and the affordability of insurance services for Irish consumers.
Key Facts
- The base year for the HICP is 2015 = 100.
- Ireland's Other Insurance HICP reached a high of 103.66 in January 2023.
- The Other Insurance component accounts for approximately 1.3% of Ireland's total HICP basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Other Insurance for Ireland measures the changes in the prices of insurance services not related to housing, transportation, or health for Irish consumers.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides important insights into broader inflationary pressures and the affordability of insurance services for Irish households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish households and businesses by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess overall price stability and the affordability of insurance services for Irish consumers.
Q: Are there update delays or limitations?
A: The HICP data is typically published with a one-month lag by Eurostat.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Insurance for Ireland (CP1255IEM086NEST), retrieved from FRED.