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.

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Ireland Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -0.50 23.15 -6.56 1976 - 2020 percent Monthly
2016M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-09 10:00 AM Mar 0.7% 1.1% 0.5%
2020-05-14 10:00 AM Apr -0.1% 0.7% 0.1%
2020-06-11 10:00 AM May -0.5% -0.1% -0.3%
2020-07-09 10:00 AM Jun -0.4% -0.5% -0.4%
2020-08-13 10:00 AM Jul -0.4% -0.3%
2020-09-10 10:00 AM Aug
2020-10-08 10:00 AM Sep -1%
2020-11-12 11:00 AM Oct


News Stream
Irish Consumer Prices Fall for 3rd Month in a Row
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.
2020-07-09
Irish Consumer Prices Fall Most for 5 Years
Ireland's consumer prices fell 0.5 percent from a year earlier in May 2020, the largest decline since April 2015 amid the coronavirus crisis. The divisions which caused the largest downward contribution to the CPI in the year were housing, water, electricity, gas & other fuels, transport, clothing & footwear and furnishings, household equipment & routine household maintenance.
2020-06-11
Irish Consumer Prices Fall for 1st time in 2 Years
Consumer prices in Ireland fell 0.1 percent year-on-year in April 2020, following a 0.7 percent rise in the previous month. It was the first decline in consumer prices since April 2018, amid the impact of the coronavirus outbreak and lower global oil prices. Cost dropped for transport (-0.4 percent vs 1.8 percent in March) and housing & utilities (-1.2 percent vs 1.6 percent). In addition, prices fell further for furnishings & household equipment (-3.1 percent vs -2.4 percent), and clothing & footwear (-3.9 percent vs -0.9 percent). On the other hand, cost decreased at a softer pace for food & non-alcoholic beverages (-1.2 percent vs -1.6 percent) and communications (-8 percent vs -8.6 percent). On a monthly basis, consumer prices went down 0.4 percent, after rising 0.4 percent in the prior month.
2020-05-14
Irish March Inflation Rate at 5-Month Low of 0.7%
The annual inflation rate in Ireland eased to 0.7 percent in March of 2020 from 1.1 percent in the previous month, amid the impact of the pandemic coronavirus and lower global oil prices. This was the lowest inflation rate since last October, as prices slowed mostly for housing & utilities (1.6 percent vs 2.9 percent in February); transport (1.8 percent vs 3 percent), namely fuels & lubricants (2.3 percent vs 6.7 percent) and restaurants & hotels (0.9 percent vs 1.3 percent). In addition, costs fell for food & non-alcoholic beverages (-1.6 percent vs -1 percent) and clothing & footwear (-0.9 percent vs -1 percent). On a monthly basis, consumer prices went up 0.4 percent, down from a 0.6 percent increase in the prior month.
2020-04-09

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.