Consumer prices in Ireland were unchanged in March of 2021, after falling 0.4 percent in the previous month. There were decreases in prices for clothing & footwear (-6.5 percent), transport (-2.7 percent), communications (-2 percent) and furnishings, household equipment & routine household maintenance (-1.5 percent). On the other hand, prices rose at restaurants & hotels (3.1 percent), health (2.7 percent), alcoholic beverages & tobacco (2.2 percent) and housing, water, electricity, gas & other fuels (0.5 percent). Meanwhile, the harmonized index of consumer prices went up 0.1 percent year-on-year in March, rebounding from a 0.4 percent decrease in the previous month. On a monthly basis, consumer prices rose 0.8 percent, following a 0.4 percent gain in February. source: Central Statistics Office Ireland
Inflation Rate in Ireland averaged 4.31 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 April of 2021.
Inflation Rate in Ireland is expected to be 0.60 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 1.20 in 12 months time. In the long-term, the Ireland Inflation Rate is projected to trend around 1.40 percent in 2022 and 1.60 percent in 2023, according to our econometric models.