Harmonized Index of Consumer Prices: Household Appliances for Ireland
CP0530IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.70
Year-over-Year Change
0.69%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Household Appliances for Ireland tracks the changes in the prices of household appliances purchased by Irish consumers. This metric is crucial for monitoring inflation and consumer spending patterns.
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 Household Appliances component specifically reflects the price changes for items like refrigerators, washing machines, and other major home appliances.
Methodology
The data is collected through a survey of retailers and service providers across Ireland.
Historical Context
This index is used by policymakers and analysts to assess the state of the Irish economy and consumer market.
Key Facts
- The base year for this index is 2015.
- Household appliances make up around 3% of the overall HICP basket in Ireland.
- Prices for household appliances have risen by 10% in Ireland over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in the prices of household appliances purchased by consumers in Ireland, as part of the broader Harmonized Index of Consumer Prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending patterns and inflationary pressures in the Irish household appliances market, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retailers and service providers across Ireland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the Irish economy and consumer market, which informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Household Appliances for Ireland (CP0530IEM086NEST), retrieved from FRED.