Ireland’s annual inflation rate came in at 0.7 percent in January of 2019, the same as in the previous month. On a monthly basis, consumer prices fell 0.7 percent, after showing no growth in December. The harmonised index of consumer prices rose by 0.8 percent from the previous year; and fell by 0.7 percent from the previous month. Inflation Rate in Ireland averaged 4.52 percent from 1976 until 2019, 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.

Inflation Rate in Ireland is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ireland to stand at 1.50 in 12 months time. In the long-term, the Ireland Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

Ireland Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-08 11:00 AM Inflation Rate YoY 0.9% 0.9% 0.9%
2018-12-13 11:00 AM Inflation Rate YoY 0.6% 0.9% 0.9%
2019-01-15 11:00 AM Inflation Rate YoY 0.7% 0.6% 0.9%
2019-02-14 11:00 AM Inflation Rate YoY 0.7% 0.7% 0.7%
2019-03-14 11:00 AM Inflation Rate YoY 0.7%
2019-04-11 10:00 AM Inflation Rate YoY 1%
2019-05-09 10:00 AM Inflation Rate YoY



Irish Inflation Rate Unchanged at 0.7% in January

Ireland’s annual inflation rate came in at 0.7 percent in January of 2019, the same as in the previous month.

The largest upward contribution to the CPI came from: housing and utilities (4.4 percent from 4.6 percent in December), mainly due to higher rents and mortgage interest repayments in addition to an increase in the price of electricity and gas; restaurants and hotels (3.7 percent from 2.1 percent), on the back of higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc. and an increase in the cost of hotel accommodation; alcoholic beverages and tobacco (2.7 percent from 2.8 percent) and education (1.7 percent, the same as in December). 

On the other hand, prices fell for: furnishings, household equipment and routine household maintenance (-3.3 percent from -3.5 percent), primarily due to the reduced cost of non-durable household goods, furniture & furnishings, household textiles and glassware, tableware & household utensils; miscellaneous goods and services (-1.8 percent from -2.4 percent), as lower health and motor insurance premiums and a reduction in prices for appliances, articles and products for personal care were partially offset by higher prices for hairdressing salons and personal grooming establishments and house insurance premiums; food and non-alcoholic beverages (-1.5 percent from -1.4 percent), due to lower prices across a range of products such as meat, bread & cereals, sugar, jam, honey, chocolate & confectionery and fruit; and clothing and footwear (-1.5 percent from -0.4 percent).

Annual core inflation, which excludes energy and unprocessed food, picked up to 0.8 percent in January from 0.3 percent in December. 

On a monthly basis, consumer prices fell 0.7 percent, after showing no growth in December. The most significant monthly price changes were decreases in clothing & footwear (-9.2 percent), transport (-3.1 percent) and furnishings, household equipment & routine household maintenance (-2.0 percent). Increases were seen in alcoholic beverages & tobacco (+3.2 percent) and communications (+1.5 percent).

The harmonised index of consumer prices rose by 0.8 percent from the previous year; and fell by 0.7 percent from the previous month.


CSO | Agna Gabriel | agna.gabriel@tradingeconomics.com
2/14/2019 11:30:59 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.70 23.15 -6.56 percent [+]
Inflation Rate Mom -0.70 0.00 8.12 -1.68 percent [+]
Harmonised Consumer Prices 100.00 100.70 101.70 59.40 Index Points [+]
Consumer Price Index CPI 100.40 101.10 102.60 7.00 Index Points [+]
Core Consumer Prices 100.20 100.50 102.50 39.70 Index Points [+]
Core Inflation Rate 0.80 0.30 10.20 -6.10 percent [+]
GDP Deflator 100.37 102.38 104.82 61.37 Index Points [+]
Producer Prices 94.20 93.70 109.40 25.00 Index Points [+]
Export Prices 96.30 95.40 113.50 15.70 Index Points [+]
Import Prices 98.90 98.20 111.90 14.30 Index Points [+]
Producer Prices Change -9.90 -4.20 22.13 -10.61 percent [+]
CPI Housing Utilities 108.40 108.40 117.80 62.00 Index Points [+]
CPI Transportation 98.70 101.90 115.90 70.60 Index Points [+]
Food Inflation -1.50 -1.40 21.10 -8.10 percent [+]


Ireland Inflation Rate

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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 23.15 -6.56 1976 - 2019 percent Monthly
2016M12=100, NSA




Country Last Previous
Argentina 48.90 Jan/19
Australia 1.80 Dec/18
Brazil 3.78 Jan/19
Canada 2.00 Dec/18
China 1.70 Jan/19
Euro Area 1.40 Jan/19
France 1.20 Jan/19
Germany 1.40 Jan/19
India 2.05 Jan/19
Indonesia 2.82 Jan/19
Italy 0.90 Jan/19
Japan 0.30 Dec/18
Mexico 4.37 Jan/19
Netherlands 2.20 Jan/19
Russia 5.00 Jan/19
Saudi Arabia 2.20 Dec/18
Singapore 0.50 Dec/18
South Africa 4.50 Dec/18
South Korea 0.80 Jan/19
Spain 1.00 Jan/19
Switzerland 0.60 Jan/19
Turkey 20.35 Jan/19
United Kingdom 1.80 Jan/19
United States 1.60 Jan/19


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