Harmonized Index of Consumer Prices: Garments for Ireland
CP0312IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.80
Year-over-Year Change
-2.56%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Garments in Ireland measures the changes in retail prices of clothing and apparel. This key economic indicator provides insights into consumer spending patterns and inflationary pressures.
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 HICP for Garments in Ireland is a vital component of the broader HICP, which is the primary measure of consumer price inflation used by the European Central Bank. It helps policymakers and analysts assess changes in the cost of living and purchasing power over time.
Methodology
The Irish Central Statistics Office collects price data from a sample of retail outlets to calculate the HICP for Garments.
Historical Context
The HICP for Garments is used to inform monetary policy decisions and provide context for consumer spending and inflationary trends.
Key Facts
- Ireland's HICP for Garments has a base year of 2015.
- Apparel and footwear account for about 5% of the Irish consumer price index.
- The HICP for Garments is published monthly by the Irish Central Statistics Office.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Garments in Ireland measures the changes in retail prices of clothing and apparel over time.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Garments is a key indicator of consumer spending patterns and inflationary pressures, which is vital information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The Irish Central Statistics Office collects price data from a sample of retail outlets to calculate the HICP for Garments.
Q: How is this trend used in economic policy?
A: The HICP for Garments is used by the European Central Bank to inform monetary policy decisions and provide context for consumer spending and inflationary trends.
Q: Are there update delays or limitations?
A: The HICP for Garments is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Garments for Ireland (CP0312IEM086NEST), retrieved from FRED.