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.

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Ireland Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.40 23.15 -6.56 1976 - 2021 percent Monthly
2016M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-14 11:00 AM Dec -1% -1.1% -1.1%
2021-02-18 11:00 AM Jan -0.2% -1% -1.1%
2021-03-11 11:00 AM Feb -0.4% -0.2% -0.3%
2021-04-08 10:00 AM Mar 0% -0.4% -0.2%
2021-05-14 10:00 AM Apr 0%
2021-06-11 10:00 AM May
2021-07-09 10:00 AM Jun
2021-08-13 10:00 AM Jul


News Stream
Irish Consumer Prices Flat in March
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.
2021-04-08
Irish Deflation Deepens in February
Consumer prices in Ireland fell 0.4 percent year-on-year in February of 2021, following a 0.2 percent decrease in the previous month, which was the softest drop in nine months. Cost fell more for transport (-2.7 percent vs -2.3 percent in January); clothing & footwear (-6.8 percent vs -3.4 percent); communication (-1.3 percent vs -1.1 percent) and furniture & household goods (-2.7 percent vs -2.3 percent). In addition, prices declined for miscellaneous goods and services (-0.4 percent vs 0.3 percent) and those of recreation & culture showed no growth (vs 0.8 percent). On the other hand, cost fell at a softer pace for both food & non-alcoholic beverages (-1.9 percent vs -2.1 percent) and housing & utilities (-0.8 percent vs -1.7 percent). On a monthly basis, consumer prices rose 0.4 percent, after a 0.1 percent increase in January.
2021-03-11
Irish Consumer Prices Fall the Least in 9 Months
Consumer prices in Ireland went down 0.2 percent year-on-year in January of 2021, easing from a 1 percent drop in the previous month. It was the softest drop in consumer prices since April 2020, as cost fell at a softer pace for housing & utilities (-1.7 percent vs -1.9 percent); transport (-2.3 percent vs -4.1 percent); clothing & footwear (-3.4 percent vs -7.8 percent); communications (-1.1 percent vs -1.8 percent) and furnishings & household equipment (-2.3 percent vs -3.9 percent). Meantime, prices rose further for restaurants & hotels (3.2 percent vs 2.5 percent); recreation & culture (0.8 percent vs 0.9 percent) and alcoholic beverages & tobacco (0.3 percent vs 0.4 percent). On the other hand, cost declined faster for food & non-alcoholic beverages (-2.1 percent vs -1.6 percent). On a monthly basis, consumer prices went up 0.1 percent, following a 0.3 percent advance in December.
2021-02-18
Irish Consumer Prices Fall the Least in 4 Months
Ireland's consumer prices decreased 1 percent year-on-year in December of 2020, following a 1.1 percent drop in the previous month. It was the nineth consecutive month of declines in consumer prices but the softest since August. Cost fell at a softer pace for housing & utilities (-1.9 percent vs -2.4 percent); clothing & footwear (-7.8 percent vs -7.9 percent) and communication (-1.8 percent vs -2.5 percent). Meantime, prices advanced faster for restaurant & hotels (2.5 percent vs 0.8 percent) and recreation & culture (0.9 percent vs 0.8 percent) while those of alcoholic beverages (0.4 percent vs 1.1 percent) and health (3.4 percent vs 4 percent) slowed. On the other hand, cost dropped faster for transport (-4.1 percent vs -3 percent); food & non-alcoholic beverages (-1.6 percent vs -1.5 percent) and furniture & household goods (-3.9 percent vs -3.7 percent). On a monthly basis, consumer prices went up 0.3 percent, the same as in November.
2021-01-14

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.