Ireland's consumer prices dropped 0.4 percent from a year earlier in June 2020, following a 0.5 percent decline in the previous month, with the largest downward coming from: housing, water, electricity, gas & other fuels (-2.3 percent) mainly due to a reduction in the price of home heating oil, electricity and gas; transport (-1.7 percent) due to lower prices for petrol and diesel; clothing & footwear (-5.1 percent) due to sales; and furnishings, household equipment & routine household maintenance (-3.6 percent) mainly due to the reduced cost of non-durable household goods, furniture & furnishings and household textiles. On a monthly basis, consumer prices increased by 0.3 percent, the first rise in three months, as the country reopened from a coronavirus-induced lockdown.
Inflation Rate in Ireland averaged 4.40 percent from 1976 until 2020, 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 August of 2020. source: Central Statistics Office Ireland
Inflation Rate in Ireland is expected to be -1.00 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 1.10 percent in 2021 and 1.50 percent in 2022, according to our econometric models.