Ireland’s consumer price inflation rate rose to 3.7 percent year-on-year in September 2021, the highest since October 2008. Main upward pressure came from housing & utilities (9 percent), mainly due to higher rents and mortgage interest repayments and a increase in the cost of electricity, home heating oil and gas. Costs also rose for transport (11 percent), primarily due to higher prices for diesel, petrol and motor cars, airfares and personal transport equipment; restaurants & hotels (2.7 percent), namely alcoholic drinks and food consumed in licensed premises, restaurants and cafes; alcoholic beverages & tobacco (4.9 percent), mainly cost of tobacco products and higher prices for alcoholic beverages sold in supermarkets and off licenses. On a monthly basis, consumer prices edged up 0.5 percent, following a 0.6 percent increase in August. source: Central Statistics Office Ireland

Inflation Rate in Ireland averaged 4.29 percent from 1976 until 2021, 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 October of 2021.

Inflation Rate in Ireland is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Inflation Rate is projected to trend around 1.60 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Ireland Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-08 10:00 AM Jun 1.6% 1.7% 1.8%
2021-08-12 10:00 AM Jul 2.2% 1.6% 2%
2021-09-09 10:00 AM Aug 2.8% 2.2% 2.6%
2021-10-14 10:00 AM Sep 3.7% 2.8% 3.1%
2021-11-12 11:00 AM Oct 3.7% 4.5%
2021-12-10 11:00 AM Nov


News Stream
Ireland August Inflation Rate at Near 13-Year High
Ireland’s consumer price inflation rate rose to 3.7 percent year-on-year in September 2021, the highest since October 2008. Main upward pressure came from housing & utilities (9 percent), mainly due to higher rents and mortgage interest repayments and a increase in the cost of electricity, home heating oil and gas. Costs also rose for transport (11 percent), primarily due to higher prices for diesel, petrol and motor cars, airfares and personal transport equipment; restaurants & hotels (2.7 percent), namely alcoholic drinks and food consumed in licensed premises, restaurants and cafes; alcoholic beverages & tobacco (4.9 percent), mainly cost of tobacco products and higher prices for alcoholic beverages sold in supermarkets and off licenses. On a monthly basis, consumer prices edged up 0.5 percent, following a 0.6 percent increase in August.
2021-10-14
Ireland August Inflation Rate Over 9-½- Year High
Ireland’s annual inflation rate increased 2.8 percent in August of 2021, from a 2.2 percent rise in the previous month. It was the highest inflation rate since November 2011. Main upward pressure came from transports (10.2 percent vs 7.3 percent in July), due to higher prices for petrol, diesel and motor cars, an increase in airfares and a rise in the cost of services in respect of personal transport equipment. Cost also significantly increased for housing and utilities (7.3 percent vs 5.3 percent) amid a rise in the cost of electricity, gas, home heating oil; higher rents and mortgage interest repayments. Additionally, prices advanced for alcoholic Beverages & tobacco (2.4 percent vs 1.3 percent) mostly tobacco products; and alcoholic beverages sold in supermarkets and off licences; and consequently, for restaurants and hotels (3.4 percent vs 3.1 percent). On a monthly basis, consumer prices went up by 0.6 percent following a 0.4 percent increase in July.
2021-09-09
Irish July Inflation Rate Highest since 2012
Ireland's annual inflation rate picked up to 2.2 percent in July of 2021 from 1.6 percent in June, its highest level since March of 2012. Main upward pressure came from transports (7.3 percent vs 3.1 percent in June), due to higher prices for diesel, petrol and motor cars, an increase in airfares and a rise in the cost of services in respect of personal transport equipment. Costs also rose significantly for housing & utilities (5.3 percent vs 4.9 percent), amid an increase in the cost of home heating oil, electricity, gas, higher rents and mortgage interest repayments; restaurants & hotels (3.1 percent vs 1.7 percent) and alcoholic beverages & tobacco (1.3 percent vs 1.6 percent), mostly tobacco products and higher prices for wine sold in supermarkets and off licences. On a monthly basis, consumer prices went up 0.4 percent, following a 0.2 percent increase in the previous month.
2021-08-12
Ireland Inflation Rate Eases Slightly in June
Ireland's annual inflation rate eased to 1.6 percent in June of 2021, from an over 2-year high of 1.7 percent in the previous month. Main upward pressure came from housing & utilities (4.9 percent), mainly due to higher prices of home heating oil, electricity, and gas, as well as higher rents and mortgage interest repayments. Other significant contributions came from transports (3.1 percent), underpinned by rising costs of fuel and motor cars; and restaurants & hotels (1.7 percent), primarily due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc. On a monthly basis, consumer prices edged up 0.2 percent, following a 0.1 percent increase in May.
2021-07-08

Ireland Last Unit Reference Previous Highest Lowest
Inflation Rate 3.70 percent Sep/21 2.80 23.15 -6.56
Inflation Rate Mom 0.50 percent Sep/21 0.60 8.12 -1.68
Harmonised Consumer Prices 104.60 points Sep/21 104.20 104.60 59.40
Consumer Price Index CPI 105.20 points Sep/21 104.70 105.20 7.00
Core Inflation Rate 2.70 percent Sep/21 2.10 10.20 -6.10
Core Consumer Prices 104.40 points Sep/21 104.10 104.40 39.70
Producer Prices 83.30 points Aug/21 84.00 109.40 25.00
Export Prices 92.10 points Aug/21 92.00 113.50 15.70
Import Prices 94.60 points Aug/21 93.70 111.90 14.30
Food Inflation 0.40 percent Sep/21 0.10 21.10 -8.10
CPI Transportation 110.70 points Sep/21 111.30 115.90 70.60
CPI Housing Utilities 118.40 points Sep/21 116.50 118.40 62.00
Producer Prices Change -1.40 percent Aug/21 -2.10 22.13 -14.50


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.