Harmonized Index of Consumer Prices: Information Processing Equipment for Ireland
CP0913IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.20
Year-over-Year Change
-11.45%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Information Processing Equipment in Ireland measures the price changes of technology products purchased by Irish consumers. This metric provides insight into the affordability and accessibility of digital tools in the Irish market.
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 is a standardized measure of inflation across the European Union, allowing for reliable comparisons between member states. The Information Processing Equipment index specifically tracks price trends for computers, tablets, phones, and related devices that households acquire.
Methodology
The data is collected through consumer surveys and retail price observations by Ireland's Central Statistics Office.
Historical Context
The HICP is a key economic indicator used by the European Central Bank to guide monetary policy decisions.
Key Facts
- The HICP is a harmonized index used across the European Union.
- Information Processing Equipment accounts for about 2% of the Irish consumer basket.
- Prices for this category have declined by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Information Processing Equipment tracks the prices of computers, phones, and other digital devices purchased by Irish households.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the affordability and accessibility of technology products for Irish consumers, which is important for understanding household spending patterns and digital inclusion.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price observations by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: The HICP is a key indicator used by the European Central Bank to guide monetary policy decisions, as it reflects inflationary pressures within the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Information Processing Equipment for Ireland (CP0913IEM086NEST), retrieved from FRED.