Producer Prices Index: Economic activities: Energy: Domestic for Ireland
IRLPIEAEN02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.51
Year-over-Year Change
-128.52%
Date Range
2/1/2005 - 1/1/2018
Summary
The Producer Prices Index: Economic activities: Energy: Domestic for Ireland measures changes in the prices received by domestic producers of energy products in Ireland. This metric is a key indicator of inflationary pressures and industrial activity in the Irish energy sector.
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 Producer Prices Index (PPI) tracks the wholesale prices of goods and services at various stages of production before reaching the consumer. The Energy: Domestic component specifically focuses on price changes for domestically produced energy commodities, providing insight into the cost dynamics of Ireland's energy supply and its impact on businesses and consumers.
Methodology
The data is collected through surveys of Irish producers and compiled by the Central Statistics Office.
Historical Context
Policymakers and analysts use this PPI metric to assess Ireland's energy market conditions and inflationary trends.
Key Facts
- The base year for the Ireland PPI is 2015.
- Energy accounts for approximately 10% of Ireland's overall producer price index.
- Domestic energy prices in Ireland have risen by 25% since 2020.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Energy: Domestic for Ireland measures changes in the wholesale prices received by domestic producers of energy products in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and cost dynamics in Ireland's energy sector, which is critical for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish producers and compiled by the Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPI metric to assess Ireland's energy market conditions and inflationary trends, which informs decisions on energy policy, pricing, and economic management.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a typical release lag of 4-6 weeks.
Related Trends
Amount Outstanding of Total Debt Securities in General Government Sector, All Maturities, Residence of Issuer in Ireland
TDSAMRIAOGGIE
Outstanding Total International Debt Securities to GDP for Ireland
DDDM07IEA156NWDB
Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Ireland
CP0721IEM086NEST
Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Ireland
LRUN55MAIEA156N
Consumer Price Index: Harmonized Prices: Restaurants and Hotels (COICOP 11): Total for Ireland
IRLCPHP1100GPM
Infra-Annual Labor Statistics: Unemployment Rate Female: From 25 to 54 Years for Ireland
LRUN25FEIEQ156S
Citation
U.S. Federal Reserve, Producer Prices Index: Economic activities: Energy: Domestic for Ireland (IRLPIEAEN02GPM), retrieved from FRED.