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

The inflation rate in Ireland was recorded at -0.50 percent in February of 2015. Inflation Rate in Ireland averaged 4.96 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.

      Forecast    
Ireland Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -0.60 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. This page provides - Ireland Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Ireland Inflation Rate - was last refreshed on Monday, March 30, 2015.


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.

In the year, restaurants and hotels prices went up 1.8 percent as a result of higher cost of hotel accommodation. Prices of housing, water, electricity and gas increased by 1.6 percent primarily due to higher rents and the introduction of water supply and sewage collection charges. 

In contrast, prices of transport fell 7 percent due to lower cost of petrol and diesel. Costumers paid less for clothing and footwear (- 3 percent) as a result of winter sales and lower prices of meat, vegetables and bread and cereals led to a 2.9 percent drop in the food index. Furnishings and household equipment prices declined by 2.7 percent.

On a monthly basis, Irish consumer prices rose by 0.6 percent, after a 0.8 percent fall last month. The increase was attributed to a rise in clothing and footwear (+ 0.24 percent) as a result of the end of winter sales. Other upward pressures came from restaurants and hotels (+ 0.14 percent) and housing, water, electricity and gas (+ 0.1 percent).

Prices on average, as measured by the EU Harmonised Index of Consumer Prices (HICP), decreased by 0.4 percent compared with February of 2014.

CSO | Carolina Cunha | carolina.cunha@tradingeconomics.com
3/12/2015 11:53:36 AM


Recent Releases

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 Inflation Rate Turns Negative
Irish consumer prices dropped 0.3 percent year-on-year in December of 2014. It is the biggest decrease since June of 2010, due to lower cost of transport, food and clothing. Published on 2015-01-15


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-15 11:00 AM
Inflation Rate YoY  Dec
-0.3% 0.1% 0%
2015-02-19 11:00 AM
Inflation Rate YoY  Jan
-0.6% -0.3% -0.5%
2015-03-12 11:00 AM
Inflation Rate YoY  Feb
-0.5% -0.6% -0.5%
2015-04-09 11:00 AM
Inflation Rate YoY  Mar
-0.5% 0.11%
2015-05-08 11:00 AM
Inflation Rate YoY  Apr
0.04%
2015-06-12 11:00 AM
Inflation Rate YoY  May
0.07%


Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate -0.50 -0.60 23.15 -6.56 percent [+]
Inflation Rate Mom 0.60 -0.80 8.12 -1.68 percent [+]
Consumer Price Index CPI 100.90 100.30 103.80 7.10 Index Points [+]
Core Inflation Rate -0.19 0.80 10.20 -6.10 percent [+]
Harmonised Consumer Prices 108.80 108.10 110.20 65.10 Index Points [+]
Core Consumer Prices 102.80 102.20 104.10 42.20 Index Points [+]
GDP Deflator 106.04 102.47 107.45 65.94 Index Points [+]
Producer Prices 105.10 104.20 118.00 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 -2.90 -2.40 21.10 -8.20 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 7.70 Feb/15 7.14 6821.31 1.65 percent [+]
Canada 1.00 Feb/15 1.00 21.60 -17.80 percent [+]
China 1.40 Feb/15 0.80 28.40 -2.20 percent [+]
Euro Area -0.30 Feb/15 -0.60 5.00 -0.70 percent [+]
France -0.30 Feb/15 -0.40 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.37 Feb/15 5.19 11.16 4.38 percent [+]
Indonesia 6.29 Feb/15 6.96 82.40 -1.17 percent [+]
Italy -0.09 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.00 Feb/15 3.07 179.73 2.91 percent [+]
Netherlands 0.14 Feb/15 0.00 11.19 -1.30 percent [+]
Russia 16.70 Feb/15 15.00 2333.30 3.60 percent [+]
South Korea 0.50 Feb/15 0.80 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.80 Feb/15 -0.50 11.92 -1.37 percent [+]
Turkey 7.55 Feb/15 7.24 138.71 -4.01 percent [+]
United Kingdom 0.00 Feb/15 0.30 8.50 0.00 percent [+]
United States 0.00 Feb/15 -0.10 23.70 -15.80 percent [+]