Harmonized Index of Consumer Prices: Energy and Seasonal Food for Ireland
ENRGYSIEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.80
Year-over-Year Change
-1.24%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Energy and Seasonal Food for Ireland measures changes in the prices of energy and seasonal food items in the Irish consumer market. This economic indicator provides insight into inflationary pressures and consumer purchasing power.
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 used across the European Union. The Energy and Seasonal Food component tracks price fluctuations in key household expenditure categories, offering a more granular view of cost-of-living trends.
Methodology
The data is collected through surveys of consumer prices and calculated according to Eurostat's HICP methodology.
Historical Context
This index is a key input for policymakers at the European Central Bank and Irish government in assessing economic conditions and guiding monetary and fiscal policies.
Key Facts
- Ireland's HICP Energy and Seasonal Food index has risen by 20% over the past year.
- Energy costs account for over 10% of the average Irish household's expenditure.
- Seasonal food prices are a significant driver of short-term inflationary trends in Ireland.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Energy and Seasonal Food for Ireland measures changes in the prices of energy and seasonal food items in the Irish consumer market.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and consumer purchasing power, which are key considerations for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated according to Eurostat's HICP methodology.
Q: How is this trend used in economic policy?
A: This index is a key input for policymakers at the European Central Bank and Irish government in assessing economic conditions and guiding monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 2-week delay, providing timely information on cost-of-living trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Energy and Seasonal Food for Ireland (ENRGYSIEM086NEST), retrieved from FRED.