Ireland Inflation Rate  1976-2018 | Data | Chart | Calendar | Forecast

The annual inflation rate in Ireland fell to 0.7 percent in August of 2018 from 0.8 percent in the previous month. Prices eased mainly due to transport and food and non-alcoholic beverages. Inflation Rate in Ireland averaged 4.57 percent from 1976 until 2018, 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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Irish Annual Inflation Rate Slows to 0.7% in August


The annual inflation rate in Ireland fell to 0.7 percent in August of 2018 from 0.8 percent in the previous month. Prices eased mainly due to transport and food and non-alcoholic beverages.

Year-on-year, cost dropped faster for food & non-alcoholic beverages (-2.6 percent compared to -2.1 percent in July), mostly due to lower prices across a range of products namely vegetables, bread & cereals, meat & jam, honey, chocolate & confectionery; recreation and culture (-1.1 percent compared to -1.0 percent); household equipment & routine household maintenance (-4.1 percent compared to -3.9 percent), mainly due to the cost of non-durable household goods, furniture & furnishings, household textiles and glassware, tableware & household utensils and clothing & footwear (-0.8 percent compared to -0.2 percent). Additionally, cost of transport slowed (0.8 percent compared to 2.2 percent). 

On the other hand, prices advanced further for restaurants & hotels (2.1 percent compared to 1.8 percent), due to higher cost of alcoholic drinks and food consumed in licensed premises, restaurants etc. and hotel accommodation; housing & utilities (6.4 percent compared to 5.4 percent), namely rents and home heating oil, electricity and gas and alcoholic beverages & tobacco (2.9 percent compared to 2.8 percent). Also, cost of miscellaneous goods & services decreased at a softer pace (-3.1 percent compared to -3.2 percent), due to health, motor insurance premiums and appliances, articles & products for personal care. In addition, inflation was steady for education (at 1.5 percent, the same as in July). 

The core index, which excludes energy and unprocessed food, went down 0.2 percent, after rising 0.1 percent in the prior month.

On a monthly basis, consumer prices increased 0.3 percent, easing from a 0.4 percent rise in July. The most significant downward contribution in the month were in transport (-0.2 percent) and alcoholic beverages (-0.04 percent). In contrast, there were increases in clothing & footwear (0.2 percent) and housing & utilities (0.2 percent).

The harmonised index of consumer prices went up by 0.9 percent from the previous year; and by 0.3 percent from the previous month.


CSO | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/13/2018 10:34:25 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-12 10:00 AM Inflation Rate YoY 0.4% 0.4% 0.8%
2018-08-09 10:00 AM Inflation Rate YoY 0.8% 0.4% 0.6%
2018-09-13 10:00 AM Inflation Rate YoY 0.7% 0.8% 0.8%
2018-10-11 10:00 AM Inflation Rate YoY 0.7% 0.8%
2018-11-08 11:00 AM Inflation Rate YoY 0.9%
2018-12-13 11:00 AM Inflation Rate YoY 0.9%


Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.80 23.15 -6.56 percent [+]
Inflation Rate Mom 0.30 0.40 8.12 -1.68 percent [+]
Harmonised Consumer Prices 101.70 101.40 101.70 59.40 Index Points [+]
Consumer Price Index CPI 102.10 101.80 102.60 7.00 Index Points [+]
Core Consumer Prices 101.60 101.40 102.50 39.70 Index Points [+]
Core Inflation Rate -0.20 0.10 10.20 -6.10 percent [+]
GDP Deflator 102.70 104.77 104.77 61.37 Index Points [+]
Producer Prices 98.70 100.00 109.40 25.00 Index Points [+]
Export Prices 95.50 93.30 113.50 15.70 Index Points [+]
Import Prices 98.50 92.90 111.90 14.30 Index Points [+]
Producer Prices Change -0.90 -0.80 22.13 -10.61 percent [+]
CPI Housing Utilities 107.90 106.50 117.80 62.00 Index Points [+]
CPI Transportation 106.00 107.10 115.90 70.60 Index Points [+]
Food Inflation -2.60 -2.10 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.80 23.15 -6.56 1976 - 2018 percent Monthly
2016M12=100, NSA




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 2.80 Aug/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 1.30 Aug/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.60 Jul/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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