Ireland Inflation Rate  1976-2017 | Data | Chart | Calendar | Forecast

Irish consumer prices increased by 0.9 percent in the year to April 2017 after rising by 0.7 percent in the previous month and beating market consensus of a 0.3 percent gain. It was the highest inflation rate since February 2013, mainly driven by higher cost of transport. Annual core inflation rate, which excludes energy and unprocessed food, rose to 0.7 percent from 0.2 percent in March. On a monthly basis, consumer prices went up 0.4 percent while markets expected a 0.1 percent drop. Inflation Rate in Ireland averaged 4.70 percent from 1976 until 2017, reaching an all time high of 23.15 percent in October of 1981 and a record low of -6.56 percent in October of 2009.

Ireland Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-15 11:00 AM Feb 0.5% 0.3% 0.6%
2017-04-13 10:00 AM Mar 0.7% 0.5% 0.6%
2017-05-11 10:00 AM Apr 0.9% 0.7% 0.3% 0.5%
2017-06-08 10:00 AM May 0.9% 1%
2017-07-14 10:00 AM Jun 0.97%
2017-08-11 10:00 AM Jul 0.99%




Irish Inflation Rate Rises To 4-Year High In April


Irish consumer prices increased by 0.9 percent in the year to April 2017 after rising by 0.7 percent in the previous month and beating market consensus of a 0.3 percent gain. It was the highest inflation rate since February 2013, mainly driven by higher cost of transport.

Year-on-year, the biggest upwards contribution came from: Transport (7.2 percent from 5.3 percent in March); restaurants and hotels (2 percent from 2.2 percent) and miscellaneous goods and services (1.7 percent from 2 percent). Additional gains came from: Housing, water, electricity, gas and other fuels (1 percent, the same as in March); and health (2.2 percent from 1.7 percent). By contrast, cost continued to drop for: Food and non-alcoholic beverages (-2.7 percent from -2.6 percent in March); recreation and culture (-2 percent from -2.4 percent); clothing and footwear (-4.3 percent from -3.8 percent); and furnishings and household equipment (-4.9 percent from -4.5 percent).

Annual core inflation rate, which excludes energy and unprocessed food, rose to 0.7 percent from 0.2 percent in March.
  
On a monthly basis, consumer prices grew by 0.4 percent, easing from a 0.6 percent rise in the previous month but way above market expectations of a 0.1 percent drop. The most significant monthly price changes were increases in Transport (2.3 percent) and restaurants and hotels (0.5 percent). There were decreases in furnishings, household equipment and routine household maintenance (-0.8 percent) and clothing and footwear (-0.6 percent)

The harmonized index increased by 0.7 percent compared to a year earlier and by 0.4 percent in the month.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/11/2017 10:22:47 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.90 0.70 23.15 -6.56 percent [+]
Inflation Rate Mom 0.40 0.60 8.12 -1.68 percent [+]
Harmonised Consumer Prices 100.40 100.00 100.90 59.40 Index Points [+]
Consumer Price Index CPI 101.10 100.70 102.60 7.00 Index Points [+]
Core Consumer Prices 101.20 100.70 102.50 39.70 Index Points [+]
Core Inflation Rate 0.70 0.20 10.20 -6.10 percent [+]
GDP Deflator 106.81 101.97 109.38 66.07 Index Points [+]
Producer Prices 106.60 107.30 118.00 27.00 Index Points [+]
Export Prices 103.10 101.20 113.50 15.70 Index Points [+]
Import Prices 96.60 98.60 111.90 14.30 Index Points [+]
Cpi Housing Utilities 100.50 100.30 117.80 62.00 Index Points [+]
Cpi Transportation 105.50 103.10 115.90 70.60 Index Points [+]
Food Inflation -2.70 -2.60 21.10 -8.10 percent [+]
Producer Prices Change 1.80 2.10 9.50 -3.80 percent [+]


Ireland Inflation Rate Notes

In Ireland, the most important categories in the consumer price index are: housing, water, electricity, gas and other fuels (17 percent of total weight); transport (15 percent); restaurants and hotels (14 percent) and food and non-alcoholic beverages (11 percent). The index also includes: recreation and culture (8 percent); clothing and footwear (5 percent); alcoholic beverages and tobacco (5 percent); health (5 percent) and communications (4 percent). Furnishings, household equipment, education and other goods and services account for the remaining 16 percent. This page provides the latest reported value for - Ireland Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.70 23.15 -6.56 1976 - 2017 percent Monthly
NSA



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 4.08 Apr/17
Canada 1.60 Apr/17
China 1.20 Apr/17
Euro Area 1.90 Apr/17
France 1.20 Apr/17
Germany 2.00 Apr/17
India 2.99 Apr/17
Indonesia 4.17 Apr/17
Italy 1.90 Apr/17
Japan 0.40 Apr/17
Mexico 5.82 Apr/17
Netherlands 1.60 Apr/17
Russia 4.10 Apr/17
South Korea 1.90 Apr/17
Spain 2.60 Apr/17
Switzerland 0.40 Apr/17
Turkey 11.87 Apr/17
United Kingdom 2.70 Apr/17
United States 2.20 Apr/17