The annual inflation rate in Ireland increased to 1.1 percent in March of 2019 from 0.6 percent in the previous month. It was the highest inflation rate since February of 2013, mainly due higher prices of housing & utilities; restaurant & hotels and alcoholic beverages & tobacco. On a monthly basis, consumer prices went up 0.8 percent, the same as in the previous month. The harmonised index of consumer prices rose by 1.1 percent from the previous year; and increased by 0.8 percent from the previous month. Inflation Rate in Ireland averaged 4.51 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 1.10 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
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 0.6% 0.7% 0.7%
2019-04-11 10:00 AM Inflation Rate YoY 1.1% 0.6% 0.7%
2019-05-09 10:00 AM Inflation Rate YoY 1.1% 0.9%
2019-06-13 10:00 AM Inflation Rate YoY 1.1%
2019-07-11 10:00 AM Inflation Rate YoY 1.1%



Irish March Inflation Rate at 6-Year High of 1.1%

The annual inflation rate in Ireland increased to 1.1 percent in March of 2019 from 0.6 percent in the previous month. It was the highest inflation rate since February of 2013.

The largest upward contribution to the CPI came from: housing & utilities (4.3 percent from 4 percent in February), mainly due to higher rents and mortgage interest repayments in addition to an increase in the price of gas, electricity and home heating oil; restaurants & hotels (3.6 percent, the same as in February) due to 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 & tobacco (3.1 percent from 2.7 percent)  mainly due to higher prices for tobacco products and education (1.7 percent, the same as in February).

On the other hand, prices fell for: furnishings, household equipment & routine household maintenance (-3.2 percent from -3.7 percent) due to the reduced cost of furniture & furnishings, non-durable household goods and household textiles, communications (-2.9 percent from -1.9 percent) due to a reduction in the cost of telephone & telefax equipment, clothing & footwear (-1.7 percent, the same as in February) and miscellaneous goods & services (-1 percent from -1.7 percent) mainly due to lower motor insurance premiums and a reduction in prices for appliances, articles & products for personal care and other personal effects. This reduction was partially offset by higher prices for hairdressing salons & personal grooming establishments.

Annual core inflation, which excludes energy and unprocessed food, went up to 0.9 percent in March from 0.6 percent in February. 

On a monthly basis, consumer prices went up 0.8 percent, the same as in the previous month. The largest upward contribution to the CPI in the month were transport (+0.45%), restaurants & hotels (+0.16%) and housing & utilities (+0.10%) while the divisions which caused the largest downward contribution in the month were communications (-0.03%) and furnishings, household equipment & routine household maintenance (-0.02%). 

The harmonised index of consumer prices rose by 1.1 percent from the previous year; and increased by 0.8 percent from the previous month. 


CSO | Agna Gabriel | agna.gabriel@tradingeconomics.com
4/11/2019 11:10:21 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 0.60 23.15 -6.56 percent [+]
Inflation Rate Mom 0.80 0.80 8.12 -1.68 percent [+]
Harmonised Consumer Prices 101.60 100.80 101.70 59.40 Index Points [+]
Consumer Price Index CPI 102.00 101.20 102.60 7.00 Index Points [+]
Core Consumer Prices 101.70 101.00 102.50 39.70 Index Points [+]
Core Inflation Rate 0.90 0.60 10.20 -6.10 percent [+]
GDP Deflator 101.44 100.10 104.50 61.37 Index Points [+]
Producer Prices 94.60 93.30 109.40 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 -6.80 -9.40 22.13 -10.61 percent [+]
CPI Housing Utilities 109.40 108.70 117.80 62.00 Index Points [+]
CPI Transportation 103.60 100.40 115.90 70.60 Index Points [+]
Food Inflation -0.60 -0.70 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.60 23.15 -6.56 1976 - 2019 percent Monthly
2016M12=100, NSA




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.80 Dec/18
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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