Harmonized Index of Consumer Prices: Passenger Transport by Air for Ireland
CP0733IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.10
Year-over-Year Change
-8.31%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Passenger Transport by Air for Ireland measures changes in the prices paid by Irish consumers for air travel. This metric is crucial for understanding inflation and cost-of-living trends in the country.
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 air transport component tracks price movements for passenger air travel, an important sector of the Irish economy and household budgets.
Methodology
The data is collected through surveys of prices charged by airlines and other air transport providers in Ireland.
Historical Context
The HICP-based air transport index is used by policymakers, economists, and businesses to assess inflationary pressures and consumer spending patterns.
Key Facts
- The index is part of the broader Harmonized Index of Consumer Prices.
- Air transport accounts for a significant portion of household spending in Ireland.
- The data is published monthly by the European Union's statistical agency, Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Passenger Transport by Air for Ireland measures changes in the prices paid by Irish consumers for air travel.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflation and cost-of-living trends in Ireland, as air transport is an important component of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices charged by airlines and other air transport providers in Ireland.
Q: How is this trend used in economic policy?
A: The HICP-based air transport index is used by policymakers, economists, and businesses to assess inflationary pressures and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat, the European Union's statistical agency.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Air for Ireland (CP0733IEM086NEST), retrieved from FRED.