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

The inflation rate in Ireland was recorded at -0.60 percent in January of 2015. Inflation Rate in Ireland averaged 4.98 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
-0.60 -0.30 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 Saturday, February 28, 2015.


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.

In the year, the largest downward contribution came from: transports (-6.6 percent) mainly due to lower petrol and diesel prices and a reduction in the price of motor cars; clothing and footwear (-3.1 percent) due to winter sales; furnishings and household equipment (-2.7 percent) and food and non-alcoholic beverages (-2.4 percent) due to lower prices across a range of products such as vegetables, bread and cereals and meat. 

In contrast, increases were recorded in miscellaneous goods (+2 percent) primarily due to higher motor and health insurance premiums, which were partially offset by reduced rates for the local property tax in certain parts of the country; restaurants and hotels (+1.5 percent) due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc. and for hotel accommodation and in housing, water, electricity and gas(+1.3 percent) due to higher rents and the introduction of water supply and sewage collection charges, which were partially offset by lower mortgage interest repayments and a decrease in the cost of home heating oil.

In the month, CPI declined by 0.8 percent. The biggest price decreases were reported for: clothing and footwear (-10.2 percent); transport (-3.8 percent); furnishings and household equipment (-2.3 percent).  The only notable upward pressure came from housing, water, electricity and gas (+2.2 percent).

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

CSO | Carolina Cunha | carolina.cunha@tradingeconomics.com
2/19/2015 11:49:34 AM


Recent Releases

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

Ireland Inflation Rate At 0.1%
Irish annual inflation rate edged down to 0.1 percent in November of 2014 from 0.2 percent in October mainly driven by lower cost of food and non-alcoholic beverages. Published on 2014-12-11


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-11 11:00 AM
Inflation Rate YoY  Nov
0.1% 0.2% 0.34%
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%
2015-03-13 11:00 AM
Inflation Rate YoY  Feb
-0.6% -0.5%
2015-04-10 11:00 AM
Inflation Rate YoY  Mar
0.11%
2015-05-08 11:00 AM
Inflation Rate YoY  Apr
0.04%


Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate -0.60 -0.30 23.15 -6.56 percent [+]
Inflation Rate Mom -0.80 -0.40 8.12 -1.68 percent [+]
Consumer Price Index CPI 100.30 101.10 103.80 7.10 Index Points [+]
Core Inflation Rate 0.80 0.50 10.20 -6.10 percent [+]
Harmonised Consumer Prices 108.10 108.90 110.20 65.10 Index Points [+]
Core Consumer Prices 102.20 103.00 104.10 42.20 Index Points [+]
GDP Deflator 101.77 100.59 107.45 65.94 Index Points [+]
Producer Prices 104.20 102.00 118.00 27.00 Index Points [+]
Export Prices 107.00 106.20 123.10 16.50 Index Points [+]
Import Prices 132.80 131.60 135.70 15.60 Index Points [+]
Food Inflation -2.60 -2.60 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 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany 0.10 Feb/15 -0.40 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.96 Jan/15 8.36 82.40 -1.17 percent [+]
Italy -0.19 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.00 Jan/15 0.70 11.19 -1.30 percent [+]
Russia 15.00 Jan/15 11.40 2333.30 3.60 percent [+]
South Korea 0.80 Jan/15 0.80 32.50 0.20 percent [+]
Spain -1.10 Feb/15 -1.30 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.24 Jan/15 8.17 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]