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

Irish consumer prices remained unchanged in the year to December 2016, following a 0.1 percent drop in the previous month, as a decline in prices of food, furnishings and clothing was enough to offset a rise in cost of restaurants and hotels, miscellaneous goods and services, and housing. On a monthly basis, consumer prices were also unchanged, following five consecutive months of falls. In the full year 2016, the average CPI showed no growth, following a 0.3 percent drop in 2015. Inflation Rate in Ireland averaged 4.73 percent from 1976 until 2016, 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)
2016-11-10 11:00 AM Oct -0.3% 0% -0.1% 0.2%
2016-12-08 11:00 AM Nov -0.1% -0.3% -0.1%
2017-01-19 11:00 AM Dec 0% -0.1% 0.3%
2017-02-16 11:00 AM Jan 0% -0.11%
2017-03-16 11:00 AM Feb -0.16%
2017-04-13 10:00 AM Mar -0.16%




Irish Consumer Prices Unchanged In December


Irish consumer prices remained unchanged in the year to December 2016, following a 0.1 percent drop in the previous month, as a decline in prices of food, furnishings and clothing was enough to offset a rise in cost of restaurants and hotels, miscellaneous goods and services, and housing.

Year-on-year, the biggest downward pressure came from: Food and non-alcoholic beverages (-2.8 percent from -2.4 percent in November); furnishings, household equipment and routine household maintenance (-4.8 percent from -4.3 percent); and clothing and footwear (-3.8 percent from -2.8 percent).By contrast, cost increased for: Restaurants and hotels (+1.9 percent, the same as in November); miscellaneous goods and services (+2.2 percent from +2.5 percent); and housing and utilities (+0.8 percent from +0.2 percent).
  
On a monthly basis, consumer prices were also unchanged, following five consecutive months of falls. The most significant changes were decreases in restaurants and hotels (-0.7 percent) and food and non-alcoholic beverages (-0.4 percent). There were increases in alcoholic beverages and tobacco (+0.9 percent) and clothing and footwear (+0.7 percent). 

In the full year 2016, the average CPI showed no growth, following a 0.3 percent drop in 2015.

In December, the harmonized index decreased by 0.2 percent compared to a year earlier and by 0.1 percent in the month.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/19/2017 11:25:38 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.00 -0.10 23.15 -6.56 percent [+]
Inflation Rate Mom 0.00 -0.10 8.12 -1.68 percent [+]
Harmonised Consumer Prices 99.40 99.50 100.90 59.40 Index Points [+]
Consumer Price Index CPI 101.20 101.20 103.80 7.10 Index Points [+]
Core Consumer Prices 102.50 102.70 105.00 39.70 Index Points [+]
Core Inflation Rate 0.00 0.30 10.20 -6.10 percent [+]
GDP Deflator 101.97 99.55 109.38 66.07 Index Points [+]
Producer Prices 107.10 106.60 118.00 27.00 Index Points [+]
Export Prices 99.40 95.80 113.50 15.70 Index Points [+]
Import Prices 97.60 97.80 111.90 14.30 Index Points [+]
Food Inflation -2.80 -2.40 21.10 -8.10 percent [+]
Cpi Transportation 95.40 95.00 110.50 70.60 Index Points [+]
Producer Prices Change -0.30 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.10 23.15 -6.56 1976 - 2016 percent Monthly
2011M12=100



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Russia 5.40 Dec/16
Rwanda 11.00 Dec/16
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Saudi Arabia 2.30 Nov/16
Senegal 2.10 Dec/16
Serbia 1.60 Dec/16
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