Ireland Inflation Rate 1976-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Ireland was recorded at -0.30 percent in May of 2015. Inflation Rate in Ireland averaged 4.93 percent from 1976 until 2015, 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 reported by the Central Statistics Office Ireland.

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Ireland Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.70 23.15 -6.56 1976 - 2015 percent Monthly
2011M12=100
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. Content for - Ireland Inflation Rate - was last refreshed on Wednesday, July 1, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-09 11:00 AM Mar -0.6% -0.5% -0.8%
2015-05-14 11:00 AM Apr -0.7% -0.6% -0.2%
2015-06-11 11:00 AM May -0.3% -0.7% -0.6%
2015-07-10 11:00 AM Jun -0.3% -0.1%
2015-08-07 11:00 AM Jul -0.84%
2015-09-11 11:00 AM Aug -0.87%


Ireland Deflation Slows in May


Consumer prices in Ireland decreased 0.3 percent year-on-year in May of 2015 from a 0.7 percent drop last month, as cost of both clothing and transport fell at a slower pace while prices of communications and utilities accelerated.

Compared to May 2014, the biggest price decreases were reported for: clothing and footwear (-4.2 percent against -4.5 percent in April); transport (-2.9 percent compared to -6.0 percent last month); food and non-alcoholic beverages (-2.5 percent); and furnishings, household equipment and routine household maintenance (-2.3 percent). In contrast, cost of education increased by 5.0 percent; communications by 2.1 percent (from a 0.9 percent growth in April); housing, water, electricity, gas and other fuels by 1.9 percent (from +1.7 percent last month); and restaurants and hotels by 1.7 percent.

Annual core inflation was recorded at 0.6 percent in May, compared to a 0.2 percent growth in April.

On a monthly basis, consumer prices increased 0.4 percent, while remained unchanged in the previous month. Upward pressure came from: transport prices (+1.7 percent); communications (+1.1 percent); and restaurants and hotels (+0.7 percent). Meanwhile, cost of alcoholic beverages and tobacco fell 0.4 percent and recreation and culture prices declined 0.2 percent.

The harmonized index increased 0.2 percent year-on-year and 0.5 percent month-over-month.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/11/2015 11:44:22 AM


Recent Releases

Ireland Deflation Deepens in April
Consumer prices in Ireland decreased 0.7 percent year-on-year in April of 2015, recording the largest fall since June 2010. It is the fifth consecutive month of decline, driven by lower transport and food cost.
Published on 2015-05-14

Irish Prices Fell by 0.6% in March
Consumer prices in Ireland decreased 0.6 percent on the year in March, the fourth consecutive month of decline, driven by lower fuel and food cost.
Published on 2015-04-09

Ireland Reports Deflation for the Third Consecutive Month
Consumer prices in Ireland fell 0.5 percent in February of 2015, slowing slightly from a 0.6 percent drop in January. Yet, a rise in cost of housing, water, electricity and gas and higher prices of restaurants was not enough to offset a drop in energy prices.
Published on 2015-03-12

Ireland Falls Deeper Into Deflation
Consumer prices in Ireland fell 0.6 percent year-on-year in January of 2015, after declining 0.3 percent in December driven by a drop in energy prices.
Published on 2015-02-19


Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate -0.30 -0.70 23.15 -6.56 percent [+]
Inflation Rate Mom 0.40 0.00 8.12 -1.68 percent [+]
Consumer Price Index CPI 101.90 101.50 103.80 7.10 Index Points [+]
Core Inflation Rate 0.60 0.20 10.20 -6.10 percent [+]
Harmonised Consumer Prices 110.00 109.40 110.20 65.10 Index Points [+]
Core Consumer Prices 103.90 103.50 104.10 42.20 Index Points [+]
GDP Deflator 106.04 102.47 107.45 65.94 Index Points [+]
Producer Prices 106.20 108.80 118.00 27.00 Index Points [+]
Export Prices 106.60 106.20 123.10 16.50 Index Points [+]
Import Prices 133.10 131.60 135.70 15.60 Index Points [+]
Food Inflation -2.50 -2.40 21.10 -8.20 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Mar/15 1.70 23.90 -1.30 percent [+]
Brazil 8.47 May/15 8.17 6821.31 1.65 percent [+]
Canada 0.90 May/15 0.80 21.60 -17.80 percent [+]
China 1.20 May/15 1.50 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 May/15 0.10 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.01 May/15 4.87 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.10 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.88 May/15 3.06 179.73 2.88 percent [+]
Netherlands 1.10 May/15 0.60 11.19 -1.30 percent [+]
Russia 15.80 May/15 16.40 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.20 May/15 -1.10 11.92 -1.37 percent [+]
Turkey 8.09 May/15 7.91 138.71 -4.01 percent [+]
United Kingdom 0.10 May/15 -0.10 8.50 -0.10 percent [+]
United States 0.00 May/15 -0.20 23.70 -15.80 percent [+]