Ireland’s consumer price inflation rate rose to 3.7 percent year-on-year in September 2021, the highest since October 2008. Main upward pressure came from housing & utilities (9 percent), mainly due to higher rents and mortgage interest repayments and a increase in the cost of electricity, home heating oil and gas. Costs also rose for transport (11 percent), primarily due to higher prices for diesel, petrol and motor cars, airfares and personal transport equipment; restaurants & hotels (2.7 percent), namely alcoholic drinks and food consumed in licensed premises, restaurants and cafes; alcoholic beverages & tobacco (4.9 percent), mainly cost of tobacco products and higher prices for alcoholic beverages sold in supermarkets and off licenses. On a monthly basis, consumer prices edged up 0.5 percent, following a 0.6 percent increase in August. source: Central Statistics Office Ireland
Inflation Rate in Ireland averaged 4.29 percent from 1976 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Inflation Rate in Ireland is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Inflation Rate is projected to trend around 1.60 percent in 2022 and 1.80 percent in 2023, according to our econometric models.