Producer Prices Index: Economic activities: Energy: Domestic for Ireland
IRLPIEAEN02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.51
Year-over-Year Change
-128.52%
Date Range
2/1/2005 - 1/1/2018
Summary
The Producer Prices Index: Economic activities: Energy: Domestic for Ireland measures changes in the prices received by domestic producers of energy products in Ireland. This metric is a key indicator of inflationary pressures and industrial activity in the Irish energy sector.
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 (PPI) tracks the wholesale prices of goods and services at various stages of production before reaching the consumer. The Energy: Domestic component specifically focuses on price changes for domestically produced energy commodities, providing insight into the cost dynamics of Ireland's energy supply and its impact on businesses and consumers.
Methodology
The data is collected through surveys of Irish producers and compiled by the Central Statistics Office.
Historical Context
Policymakers and analysts use this PPI metric to assess Ireland's energy market conditions and inflationary trends.
Key Facts
- The base year for the Ireland PPI is 2015.
- Energy accounts for approximately 10% of Ireland's overall producer price index.
- Domestic energy prices in Ireland have risen by 25% since 2020.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Energy: Domestic for Ireland measures changes in the wholesale prices received by domestic producers of energy products in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and cost dynamics in Ireland's energy sector, which is critical for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish producers and compiled by the Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPI metric to assess Ireland's energy market conditions and inflationary trends, which informs decisions on energy policy, pricing, and economic management.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a typical release lag of 4-6 weeks.
Related Trends
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NAEXKP04IEQ189S
Private Credit by Deposit Money Banks to GDP for Ireland
DDDI01IEA156NWDB
Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Ireland
LFEM55FEIEA647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Ireland
IRLCP040500GYQ
Bank Credit to Bank Deposits for Ireland
DDSI04IEA156NWDB
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Ireland
LRAC74MAIEQ156S
Citation
U.S. Federal Reserve, Producer Prices Index: Economic activities: Energy: Domestic for Ireland (IRLPIEAEN02GPM), retrieved from FRED.