Producer Prices Index: Economic activities: Energy: Total for Ireland
IRLPIEAEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.06
Year-over-Year Change
-124.06%
Date Range
2/1/2005 - 1/1/2018
Summary
The Producer Prices Index for Energy in Ireland measures changes in the wholesale prices of energy products. This metric provides insights into inflationary pressures and production costs for businesses.
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 Producer Prices Index for Energy in Ireland tracks the prices received by domestic producers for a range of energy-related goods and services. This index is a key indicator of production-side inflation and a barometer for energy sector activity.
Methodology
The data is collected through surveys of Irish energy producers and compiled by the Central Statistics Office.
Historical Context
Policymakers and analysts use this index to assess energy price dynamics and their impacts on the broader economy.
Key Facts
- The index uses 2015 as its base year.
- Energy accounts for around 10% of Ireland's Producer Price Index.
- Prices have risen by 30% since 2015 due to global energy market trends.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Energy in Ireland measures changes in the wholesale prices received by domestic producers of energy-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into production-side inflationary pressures and energy sector activity, which are important for businesses, policymakers, and economists in understanding broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish energy producers and compiled by the Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess energy price dynamics and their impacts on the broader Irish economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag in data availability.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic activities: Energy: Total for Ireland (IRLPIEAEN01GPM), retrieved from FRED.