Irish consumer price inflation came in at 0.9 percent in the year to October 2018, unchanged from the previous month's one-and-a-half-year high, on the back of rising prices of housing & utilities, transport and restaurants & hotels. Inflation Rate in Ireland averaged 4.54 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.

Inflation Rate in Ireland is expected to be 0.90 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 1.40 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
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 0.9% 0.7% 0.8%
2018-11-08 11:00 AM Inflation Rate YoY 0.9% 0.9% 0.9%
2018-12-13 11:00 AM Inflation Rate YoY 0.9% 0.9%
2019-01-15 11:00 AM Inflation Rate YoY 0.90%
2019-02-15 11:00 AM Inflation Rate YoY



Irish Inflation Rate Unchanged at 1-1/2-Year High


Irish consumer price inflation came in at 0.9 percent in the year to October 2018, unchanged from the previous month's one-and-a-half-year high, on the back of rising prices of housing & utilities, transport and restaurants & hotels.

The largest upward contribution to the CPI came from: housing & utilities (5.5 percent vs 6.3 percent in September), mainly due to higher rents and an increase in the price of home heating oil, electricity and gas; transport (3.3 percent vs 2.2 percent), primarily due to higher prices for diesel and petrol which was partially offset by a decrease in air fares; and restaurants & hotels (2.1 percent vs 2.2 percent), mainly 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. 

On the other hand, prices fell for: miscellaneous goods & services (-3.1 percent vs -3 percent), primarily due to lower health and motor insurance premiums and lower prices for appliances, articles & products for personal care; food & non-alcoholic beverages (-2.2 percent, the same as in September), due to lower prices across a range of products such as meat, bread & cereals and sugar, jam, honey, chocolate & confectionery; and furnishings, household equipment & routine household maintenance (-4.3 percent vs -3.7 percent), mainly due to the reduced cost of non-durable household goods, furniture & furnishings, household textiles and glassware, tableware & household utensils.

Annual core inflation, which excludes energy and unprocessed food, eased to 0.1 percent in October from 0.3 percent in September.

On a monthly basis, consumer prices edged down 0.1 percent in October, after a 0.4 percent fall in September. The most significant monthly price changes were decreases in furnishings, household equipment & routine household maintenance (-1 percent) and restaurants & hotels (-0.8 percent). There were increases in education (1.6 percent) and alcoholic beverages & tobacco (0.5 percent).

The harmonised index of consumer prices rose by 1.1 percent from the previous year; and fell by 0.2 percent from the previous month.


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/8/2018 11:29:44 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.90 0.90 23.15 -6.56 percent [+]
Inflation Rate Mom -0.10 -0.40 8.12 -1.68 percent [+]
Harmonised Consumer Prices 101.20 101.40 101.70 59.40 Index Points [+]
Consumer Price Index CPI 101.60 101.70 102.60 7.00 Index Points [+]
Core Consumer Prices 100.80 101.20 102.50 39.70 Index Points [+]
Core Inflation Rate 0.10 0.30 10.20 -6.10 percent [+]
GDP Deflator 102.70 104.77 104.77 61.37 Index Points [+]
Producer Prices 90.20 96.40 109.40 25.00 Index Points [+]
Export Prices 94.50 95.50 113.50 15.70 Index Points [+]
Import Prices 100.90 103.10 111.90 14.30 Index Points [+]
Producer Prices Change -2.10 -2.60 22.13 -10.61 percent [+]
CPI Housing Utilities 108.50 108.40 117.80 62.00 Index Points [+]
CPI Transportation 103.30 103.40 115.90 70.60 Index Points [+]
Food Inflation -2.20 -2.20 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.90 23.15 -6.56 1976 - 2018 percent Monthly
2016M12=100, NSA




Country Last Previous
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 2.00 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 3.31 Oct/18
Indonesia 3.23 Nov/18
Italy 1.70 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.10 Oct/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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