Harmonized Index of Consumer Prices: Recording Media for Ireland
CP0914IEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.80
Year-over-Year Change
21.33%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Recording Media in Ireland tracks the price changes of products like CDs, DVDs, and other physical media. This metric is a key indicator of inflation and consumer spending in the Irish economy.
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 Recording Media index measures the average change in prices paid by Irish consumers for physical recording media products like optical discs, storage devices, and related accessories. This index is part of the broader HICP, which is the EU-harmonized measure of consumer price inflation.
Methodology
The data is collected through surveys of retailers and service providers across Ireland.
Historical Context
The HICP is widely used by policymakers, economists, and analysts to assess economic conditions and guide monetary policy decisions.
Key Facts
- The HICP is harmonized across EU member states.
- Recording Media accounts for about 0.5% of the total Irish HICP basket.
- Prices for recording media have generally declined over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Recording Media in Ireland tracks the average change in prices paid by consumers for physical recording media products like CDs, DVDs, and storage devices.
Q: Why is this trend relevant for users or analysts?
A: The HICP Recording Media index is a key indicator of inflation and consumer spending patterns in the Irish economy, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Ireland.
Q: How is this trend used in economic policy?
A: The HICP is widely used by the European Central Bank and other policymakers to assess economic conditions and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis with a relatively short lag, making it a timely indicator of price trends.
Related Trends
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Production: Industry: Total Industry Excluding Construction for Ireland
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Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Ireland
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Business Tendency Surveys: Production: Economic Activity: Manufacturing: Future Tendency for Ireland
BSPRFT02IEM460S
Producer Prices Index: Economic activities: Energy: Domestic for Ireland
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recording Media for Ireland (CP0914IEM086NEST), retrieved from FRED.