Ireland Inflation Rate  1976-2017 | Data | Chart | Calendar | Forecast

Irish consumer prices increased 0.5 percent year-on-year in February of 2017, following a 0.3 percent rise in the previous month. It is the highest inflation rate since July last year, boosted by prices of transport, restaurants and hotels and miscellaneous goods and services. On a monthly basis, consumer prices went up 0.6 percent after a 0.5 percent decline in January. Inflation Rate in Ireland averaged 4.71 percent from 1976 until 2017, 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.

Ireland Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-19 11:00 AM Dec 0% -0.1% 0.3%
2017-02-21 11:00 AM Jan 0.3% 0% 0.4%
2017-03-15 11:00 AM Feb 0.5% 0.3% 0.6%
2017-04-13 10:00 AM Mar 0.5% 0.52%
2017-05-12 10:00 AM Apr 0.51%
2017-06-09 10:00 AM May 0.51%




Irish Inflation Rate Hits The Highest Level In 7 Months


Irish consumer prices increased 0.5 percent year-on-year in February of 2017, following a 0.3 percent rise in the previous month. It is the highest inflation rate since July last year, boosted by prices of transport, restaurants and hotels and miscellaneous goods and services. On a monthly basis, consumer prices went up 0.6 percent after a 0.5 percent decline in January.

Year-on-year, main contributors to the rise were: transport (3.6 percent vs 2.8 percent in January); restaurants and hotels (2.1 percent vs 2 percent) and miscellaneous goods and services (2.1 percent vs 2 percent). Additional upward pressure came from: housing, water, electricity, gas and other fuels (1.4 percent vs 1.3 percent) and health (1.7 percent vs 1.3 percent). In contrast, cost continued to fall for: food and non-alcoholic beverages (-2.6 percent vs -2.4 percent), recreation and culture (-2.4 percent vs -2.3 percent) and clothing and footwear (-2.5 percent vs -2.6 percent).

On a monthly basis, consumer prices went up 0.6 percent, following a 0.5 percent drop in January. The most significant monthly price changes were increases in clothing and footwear (6.4 percent) and furnishings, household equipment and routine household maintenance (1.5 percent). There were declines in food and non-alcoholic beverages (-0.9 percent) and alcoholic beverages and tobacco (-0.8 percent).

The harmonized index increased 0.3 percent compared to a year earlier and rose 0.5 percent in the month.

CSO |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/15/2017 11:45:51 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.50 0.30 23.15 -6.56 percent [+]
Inflation Rate Mom 0.60 -0.50 8.12 -1.68 percent [+]
Harmonised Consumer Prices 99.40 98.90 100.90 59.40 Index Points [+]
Consumer Price Index CPI 100.10 99.50 102.60 7.00 Index Points [+]
Core Consumer Prices 99.20 100.00 102.50 39.70 Index Points [+]
Core Inflation Rate -0.10 0.00 10.20 -6.10 percent [+]
GDP Deflator 106.81 101.97 109.38 66.07 Index Points [+]
Producer Prices 107.30 107.30 118.00 27.00 Index Points [+]
Export Prices 102.10 99.40 113.50 15.70 Index Points [+]
Import Prices 99.10 97.60 111.90 14.30 Index Points [+]
Cpi Transportation 101.00 100.20 115.90 70.60 Index Points [+]
Food Inflation -2.60 -2.40 21.10 -8.10 percent [+]
Producer Prices Change 2.40 1.60 9.50 -3.80 percent [+]



Ireland Inflation Rate Notes

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. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 23.15 -6.56 1976 - 2017 percent Monthly
NSA



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Republic of the Congo 3.70 Apr/15
Romania 0.20 Feb/17
Russia 4.60 Feb/17
Rwanda 13.40 Feb/17
Sao Tome and Principe 4.90 Feb/17
Saudi Arabia -0.10 Feb/17
Senegal 2.00 Feb/17
Serbia 3.20 Feb/17
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Sierra Leone 15.26 Nov/16
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