Ireland Inflation Rate

The inflation rate in Ireland was recorded at 0.40 percent in June of 2014. Inflation Rate in Ireland averaged 5.05 Percent from 1976 until 2014, 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


Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 23.15 -6.56 1976 - 2014 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.


Irish Inflation Rate Steady in June


Ireland annual inflation rate was unchanged at 0.4 percent in June of 2014, the same rate recorded in the previous month, as a drop in food and transport prices was enough to offset higher cost of alcoholic drinks and tobacco.

Year-on-year, the most notable price increases were recorded for education (+4.5 percent), alcoholic beverages & tobacco (+4.1 percent), miscellaneous goods & services (+3.9 percent) and restaurants & hotels (+2.2 percent). In contrast, there were decreases in cost of communications (-4.7 percent), clothing & footwear (-3.4 percent), furnishings, household equipment & routine household maintenance (-3.1 percent) and food & non-alcoholic beverages (-2.4 percent).

On a monthly basis, consumer prices increased 0.1 percent in June. The most significant monthly price changes were increases in transport (+1.7 percent), alcoholic beverages & tobacco (+0.8 percent) and restaurants & hotels (+0.5 percent). On the other hand, there were decreases in cost of clothing & footwear (-2.6 percent), food & non-alcoholic beverages (-0.4 percent) and furnishings, household equipment & routine household maintenance (-0.4 percent).

Prices on average, as measured by the HICP, increased by 0.5 percent compared with June 2013. On a monthly basis, prices rose 0.2 percent.

CSO | Isabel Felino | isabel.felino@tradingeconomics.com
7/10/2014 1:09:58 PM


Recent Releases

Ireland Inflation Rate Rises in May
Irish annual inflation rate accelerated for the third straight month to 0.4 percent in May of 2014, from 0.3 percent in the previous month due to higher prices of housing, water, electricity, gas and other fuels. Published on 2014-06-12

Irish Inflation Rate Up to 5-Month High
Ireland’s annual inflation rate increased slightly to 0.3 percent in April of 2014 from 0.2 percent in the previous month, due to higher prices of alcoholic drinks, tobacco, health and motor insurance premiums. Published on 2014-05-08


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-10 11:00 AM Ireland
Inflation Rate YoY
Mar 2014 0.2% -0.1% -0.03%
2014-05-08 11:00 AM Ireland
Inflation Rate YoY
Apr 2014 0.3% 0.2% -0.1%
2014-06-12 11:00 AM Ireland
Inflation Rate YoY
May 2014 0.4% 0.3% 0.1%
2014-07-10 11:00 AM Ireland
Inflation Rate YoY
Jun 2014 0.4% 0.4% 0.3%
2014-08-07 11:00 AM Ireland
Inflation Rate YoY
Jul 2014 0.4% 0.08%


Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.40 23.15 -6.56 Percent [+]
Inflation Rate Mom 0.10 0.00 8.12 -1.68 Percent [+]
Consumer Price Index (cpi) 102.30 102.20 103.80 7.10 Index Points [+]
Core Inflation Rate 0.97 0.60 10.20 -6.10 Percent [+]
Harmonised Consumer Prices 110.00 109.80 110.00 108.20 Index Points [+]
Core Consumer Prices 104.00 103.50 104.00 42.20 Index Points [+]
GDP Deflator 97.77 102.92 111.68 72.75 Index Points [+]
Producer Prices 100.20 99.90 115.10 26.30 Index Points [+]
Export Prices 103.60 101.10 123.10 16.50 Index Points [+]
Import Prices 131.50 133.00 137.00 15.60 Index Points [+]





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