Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Semi-Durables Only for Ireland
IGDXESIEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.10
Year-over-Year Change
-1.00%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Semi-Durables Only for Ireland measures price changes for semi-durable consumer goods in Ireland, excluding energy products. This metric is a key indicator of 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 semi-durable goods component tracks prices for products with an expected lifespan of 1-3 years, such as clothing and footwear. This index is a valuable data point for analyzing domestic economic conditions and consumer trends in Ireland.
Methodology
The Irish Central Statistics Office collects price data from a representative sample of retail outlets to calculate this HICP index.
Historical Context
Policymakers and analysts monitor this HICP index to assess the state of the Irish consumer economy and inform monetary and fiscal policies.
Key Facts
- The HICP index uses 2015 as its base year.
- Ireland is one of 19 countries that use the Euro currency.
- Semi-durable goods account for about 15% of the Irish consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Semi-Durables Only for Ireland tracks changes in the prices of semi-durable consumer goods in Ireland, excluding energy products.
Q: Why is this trend relevant for users or analysts?
A: This HICP index is a key indicator of inflationary pressures and consumer purchasing power in the Irish economy, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The Irish Central Statistics Office collects price data from a representative sample of retail outlets to calculate this HICP index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this HICP index to assess the state of the Irish consumer economy and inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: There may be lags of several weeks or months in the release of this HICP data due to the time required for price data collection and index calculation.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Semi-Durables Only for Ireland (IGDXESIEM086NEST), retrieved from FRED.