A new and distinct cultivar of Helichrysum plant named ‘Harvest Fire’ that originated as a controlled cross. The new variety is distinguished from Helicyrhsum bracteatum (Vent.) and all other members of the genera known to the inventor by: the color of it inflorescence and buds, in combination with the ability of its immature inflorescence to develop under indoor light conditions, the resistance of its stems to bending, the resistance of its leaves to scorching, a very compact growth habit, and the ability of its lower buds to develop when the upper inflorescence is cut off without the plant becoming excessively large. The new variety further possesses the following commercially and aesthetically desirable characteristics of resistance to the rood disease Pythium, its puberlent leaves, its ability to grow well in pots, and the ease with which it can be forced to flower for sale in the autumn, and its long-lasting inflorescences.