HICP INDEX

HICP INDEX

The Harmonised Indices of Consumer Prices (HICP)

The Harmonised Indices of Consumer Prices (HICP) measure the changes over time in the prices of consumer goods and services acquired by households. They give a comparable measure of inflation as they are calculated according to harmonised definitions.

The RTB RPZ calculator shall compare the HICP value contained in the HICP table published by the RTB on or most recently before the date that the rent was last set, with the HICP value contained in the HICP table published by the RTB on or most recently before the date that any new rent increase is being determined by the calculator.

Any difference between the two aforementioned HICP values shall be calculated as a percentage by the RPZ calculator. If that percentage is a positive value (i.e. there has been an increase in HICP values over the period in question), it is applied by the RPZ calculator to the amount of the rent last set to produce the amount of any permissible rent increase.

If that percentage is zero or a negative value, the calculator will advise that no rent increase is allowed. This does not prevent a landlord and a tenant agreeing a lower rent than the current rent. Any table of HICP values published by the RTB shall be based on the All-Items Harmonised Index of the Consumer Price (HICP) values in relation to Ireland, which is published by the Central Statistics Office with reference to EuroStat data.

HICP Index Table:- Source All-Items Harmonised Index of Consumers Prices in relation to Ireland.

YEAR JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
1996 68.1 68.6 68.9 68.8 68.9 69.1 68.9 69.3 69.7 69.6 69.7 70
1997 69.3 69.8 69.8 69.9 69.9 70.1 70 69.8 70.1 70.2 70.4 70.7
1998 70.2 70.5 70.9 71.3 71.5 71.9 71.7 71.8 72 72 72 72.2
1999 71.6 72.1 72.3 72.7 73.2 73.4 73.1 73.6 73.9 74 74.1 75
2000 74.8 75.4 75.9 76.4 76.9 77.4 77.4 77.8 78 78.4 78.5 78.5
2001 77.7 78.4 79 79.6 80.1 80.7 80.5 80.7 81 81.4 81.3 81.9
2002 81.8 82.3 83 83.7 84.1 84.3 83.8 84.3 84.6 85 85 85.6
2003 85.7 86.5 87.1 87.5 87.4 87.4 87.1 87.7 87.8 87.8 87.8 88.2
2004 87.6 88.4 88.7 89 89.2 89.6 89.3 89.9 89.9 90 90.2 90.3
2005 89.4 90.2 90.4 90.9 91.1 91.4 91.3 91.8 92.4 92.4 92.2 92
2006 91.5 92.6 92.9 93.4 93.9 94 94 94.6 94.4 94.4 94.4 94.8
2007 94.2 95.1 95.7 96.1 96.4 96.6 96.5 96.9 97.1 97.2 97.7 97.8
2008 97.1 98.3 99.3 99.4 100 100.4 99.9 100 100.2 99.9 99.8 99.1
2009 98.3 98.4 98.5 98.6 98.3 98.3 97.4 97.6 97.3 97 97 96.5
2010 95.8 96 96.1 96.2 96.4 96.3 96.2 96.4 96.2 96.3 96.1 96.3
2011 96.1 96.9 97.3 97.6 97.6 97.4 97.2 97.4 97.5 97.8 97.8 97.7
2012 97.3 98.4 99.4 99.4 99.4 99.2 99.1 99.9 99.9 99.8 99.3 99.4
2013 98.8 99.6 100 99.9 99.8 99.9 99.9 100 99.9 99.7 99.6 99.7
2014 99.1 99.7 100.2 100.2 100.2 100.4 100.3 100.6 100.4 100.1 99.8 99.4
2015 98.7 99.3 100 99.9 100.4 100.8 100.5 100.8 100.3 100 99.7 99.6
2016 98.7 99.1 99.4 99.7 100.2 100.9 100.6 100.4 100 99.6 99.5 99.4
2017 98.9 99.4 100 100.4 100.2 100.3 100.4 100.8 100.2 100.1 100 99.9
2018 99.2 100.1 100.5 100.3 100.9 101 101.4 101.7 101.4 101.2 100.8 100.7
2019 100 100.8 101.6 102 101.9 102.1 101.9 102.3 102 101.8 101.6 101.8
2020 101.1 101.7 102.1 101.7 101.1 101.5 101.3 101.2 100.8 100.3 100.6 100.8
2021 101 101.3 102.2 102.8 103 103.1 103.5 104.2 104.6