Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Ireland
ELGAS0IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177.10
Year-over-Year Change
1.78%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Electricity, Gas, Solid Fuels and Heat Energy in Ireland measures the inflation rate of these key household energy costs over time.
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, used to assess price stability and guide monetary policy. This specific index tracks price changes for major residential energy sources in Ireland.
Methodology
The data is collected through consumer surveys and retail price monitoring by Ireland's Central Statistics Office.
Historical Context
The HICP energy index is a closely watched indicator for policymakers and markets.
Key Facts
- The base year for the index is 2015 = 100.
- Electricity accounts for the largest share of the index.
- Prices are adjusted for seasonal variations.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Electricity, Gas, Solid Fuels and Heat Energy in Ireland measures the inflation rate of these key household energy costs over time.
Q: Why is this trend relevant for users or analysts?
A: The HICP energy index is a closely watched indicator for policymakers and markets, as it provides insight into inflationary pressures and the cost of living in Ireland.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price monitoring by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: The HICP is used by the European Central Bank to assess price stability and guide monetary policy decisions for the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical release lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Ireland (ELGAS0IEM086NEST), retrieved from FRED.