Annual inflation in Ireland jumped to 7.8 percent in May of 2022, the highest since September of 1984 and accelerating from a 7 percent rise in the previous month. The main contributions to higher inflation were from housing and utilities (20.9 percent vs 17.1 percent in April) and transportation (16.5 percent vs 18.9 percent), as surging oil prices lifted costs for home heating and vehicle fuels. The CPI also accelerated for restaurant and hotels (5.9 percent vs 5.1 percent), and food and non-alcoholic beverages (4.4 percent vs 3.5 percent). On a monthly basis, consumer prices were up by 0.9 percent, rising by the same magnitude from the previous month. source: Central Statistics Office Ireland

Inflation Rate in Ireland averaged 4.31 percent from 1976 until 2022, 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 July of 2022.

Inflation Rate in Ireland is expected to be 8.00 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 3.00 percent in 2023 and 2.30 percent in 2024, according to our econometric models.

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Ireland Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-12 10:00 AM Apr 7% 6.7% 7%
2022-06-09 10:00 AM May 7.8% 7% 7.9%
2022-07-14 10:00 AM Jun 7.8% 8.6%


Related Last Previous Unit Reference
Inflation Rate 7.80 7.00 percent May 2022
Inflation Rate Mom 0.90 0.90 percent May 2022
Harmonised Consumer Prices 111.50 110.30 points May 2022
Consumer Price Index CPI 111.60 110.60 points May 2022
Core Inflation Rate 4.60 4.50 percent May 2022
Core Consumer Prices 108.10 107.80 points May 2022
Producer Prices 87.20 86.80 points May 2022
Export Prices 95.00 96.20 points Mar 2022
Import Prices 104.20 94.10 points Mar 2022
Food Inflation 4.40 3.50 percent May 2022
CPI Transportation 121.90 124.00 points May 2022
CPI Housing Utilities 137.00 132.10 points May 2022
Producer Prices Change 7.30 5.20 percent May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.80 7.00 23.15 -6.56 1976 - 2022 percent Monthly
2016M12=100, NSA

News Stream
Ireland Inflation at 37-Year High
Annual inflation in Ireland jumped to 7.8 percent in May of 2022, the highest since September of 1984 and accelerating from a 7 percent rise in the previous month. The main contributions to higher inflation were from housing and utilities (20.9 percent vs 17.1 percent in April) and transportation (16.5 percent vs 18.9 percent), as surging oil prices lifted costs for home heating and vehicle fuels. The CPI also accelerated for restaurant and hotels (5.9 percent vs 5.1 percent), and food and non-alcoholic beverages (4.4 percent vs 3.5 percent). On a monthly basis, consumer prices were up by 0.9 percent, rising by the same magnitude from the previous month.
2022-06-09
Ireland Inflation at 37-Year High
Annual inflation in Ireland rose to 7 percent in April of 2022, the highest since September of 1984 and accelerating from a 6.7 percent rise in the previous month. The most significant increases were seen for housing and utilities (17.1 percent), amid higher rent, mortgage interest, and utilities, and transportation (18.9 percent), due to surging costs of fuels and airfares. Other significant rises took place for food and non-alcoholic beverages (3.5 percent), restaurant and hotels (5 percent), alcoholic beverages (5.1 percent), and household maintenance (2.7 percent). On a monthly basis, consumer prices went up by 0.9 percent, easing from the 1.9 percent jump in the prior month.
2022-05-12
Ireland Inflation Rate at Over 21-Year High
The annual inflation in Ireland rose to 6.7 percent in March of 2022, the highest since November of 2000, accelerating from a 5.7 percent rise in the previous month. The most significant increases were seen for transportation (18.7 percent), mainly due to surging costs for diesel (46 percent), petrol (35.2 percent), and airfares (69.2 percent), and housing and utilities (17.4 percent), mainly due to heating oil (126.6 percent), electricity (22.4 percent) and gas (27.4 percent). Other significant rises took place for restaurants and hotels (3.6 percent) and alcoholic beverages and tobacco (7 percent). On a monthly basis, consumer prices went up by 1.9 percent, picking up from a 0.9 percent increase in the month prior.
2022-04-07