Harmonized Index of Consumer Prices: Passenger Transport by Railway for Ireland
CP0731IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.50
Year-over-Year Change
-0.82%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Passenger Transport by Railway for Ireland measures the changes in the prices paid by Irish consumers for railway transportation. This metric is crucial for assessing inflation 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
This index tracks the cost of rail passenger transport in Ireland as part of the broader Harmonized Index of Consumer Prices (HICP). The HICP is a key economic indicator used by policymakers to monitor and manage inflation across the Eurozone.
Methodology
The data is collected through surveys of prices paid by Irish consumers for rail travel.
Historical Context
This railway transport price index informs economic and monetary policy decisions in Ireland and the Eurozone.
Key Facts
- The base year for this index is 2015.
- Ireland is a member of the Eurozone.
- Rail transport is a significant component of consumer spending.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in the prices paid by Irish consumers for railway transportation services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing inflation and consumer purchasing power in Ireland, and it informs economic and monetary policy decisions in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by Irish consumers for rail travel.
Q: How is this trend used in economic policy?
A: This railway transport price index is used by policymakers to monitor and manage inflation across the Eurozone.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Railway for Ireland (CP0731IEM086NEST), retrieved from FRED.