Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Ireland
SRVRPPIEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186.30
Year-over-Year Change
-0.48%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Services Related to Package Holidays and Accommodation measures changes in the price of these services in Ireland. It is a key indicator of inflation in the travel and tourism 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
This index tracks the prices paid by Irish consumers for services related to package holidays and accommodation, such as hotel stays, vacation packages, and other travel-related services. It is a subcomponent of the broader Harmonized Index of Consumer Prices, which measures overall inflation in the Irish economy.
Methodology
The data is collected through surveys of businesses and consumers by Ireland's Central Statistics Office.
Historical Context
Policymakers and economists use this index to assess inflationary pressures in the Irish travel and tourism industry.
Key Facts
- The base year for this index is 2015.
- Ireland's services-related inflation has outpaced overall inflation in recent years.
- Tourism is a major contributor to the Irish economy.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by Irish consumers for services related to package holidays and accommodation, such as hotel stays and vacation packages.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the Irish travel and tourism industry, which is an important sector of the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess inflationary pressures in the Irish travel and tourism industry, which can inform decisions on monetary policy and other economic measures.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical update delay of several weeks.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 15 Years or over for Ireland
LRHUTTFEIEM156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Ireland
IRLCP040500GYQ
Stock Market Turnover Ratio (Value Traded/Capitalization) for Ireland
DDEM01IEA156NWDB
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Ireland
LFHUADMAIEA647N
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Ireland
LFEM55MAIEA657N
National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Ireland
IRLGFCEADSMEI
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Ireland (SRVRPPIEM086NEST), retrieved from FRED.