Consumer prices in Ireland decreased 0.5 percent month-over-month in November 2018, the most since January, following a 0.1 percent drop in October. The most significant negative contributions came from transport (-0.3 percent), due to a reduction in air fares and a decrease in the cost of motor cars; and restaurants & hotels (-0.2 percent), as cost of hotel accommodation went down. Inflation Rate Mom in Ireland averaged 0.72 percent from 1969 until 2018, reaching an all time high of 8.12 percent in January of 1975 and a record low of -1.68 percent in January of 2009.
Inflation Rate Mom in Ireland is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Ireland to stand at -0.30 in 12 months time. In the long-term, the Ireland Inflation Rate MoM is projected to trend around 0.60 percent in 2020, according to our econometric models.