Consumer prices in Ireland edged down 0.1 percent from a month earlier 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). Inflation Rate Mom in Ireland averaged 0.73 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.