Ireland Inflation Rate  1976-2016 | Data | Chart | Calendar | Forecast

Irish consumer prices increased by 0.4 percent year-on-year in June 2016, rebounding from a flat reading in the previous month and beating market expectations of 0.2 percent drop. It was the biggest rise since August 2014, led by increases in prices of miscellaneous goods and services and accommodation while cost of transportation, furnishings and food fell. Inflation Rate in Ireland averaged 4.79 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. Inflation Rate in Ireland is reported by the Central Statistics Office Ireland.

Ireland Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.00 23.15 -6.56 1976 - 2016 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 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-12 10:00 AM Apr -0.1% -0.3% 0.2%
2016-06-09 10:00 AM May 0.0% -0.1% -0.1% 0.1%
2016-07-14 10:00 AM Jun 0.4% 0.0% -0.2% 0.1%
2016-08-12 10:00 AM Jul 0.3%
2016-09-09 10:00 AM Aug 0.2%
2016-10-07 10:00 AM Sep 0.3%

Ireland Inflation Rate at Nearly 2-Year High


Irish consumer prices increased by 0.4 percent year-on-year in June 2016, rebounding from a flat reading in the previous month and beating market expectations of 0.2 percent drop. It was the biggest rise since August 2014, led by increases in prices of miscellaneous goods and services and accommodation while cost of transportation, furnishings and food fell.

Year-on-year, cost of miscellaneous goods and services went up 5.9 percent (from +5.6 percent in May) and prices of restaurants and hotels increased 2.9 percent (from +2.1 percent in May). Additional upward pressure came from: Education (+3.8 percent, the same as in the previous month) and health (+2 percent from +1.6 percent in May). By contrast, cost of transport (-4 percent from -5.3 percent), furnishings, household equipment and routine household maintenance (-3.6 percent from -3.1 percent), clothing and footwear (-2.7 percent from -1.1 percent) and communications (-1.2 percent, the same as in the previous month) continued to weigh on growth. 

On a monthly basis, consumer prices jumped 0.7 percent, accelerating from a 0.5 percent growth in the previous month. The most significant monthly price changes were increases in transport (+3.6 percent) and restaurants and hotels (+1.2 percent). Meanwhile, there were decreases in clothing and footwear (-2.9 percent) and furnishings, household equipment and routine household maintenance (-0.3 percent).   

The harmonized index increased by 0.1 percent compared to a year earlier and climbed 0.7 percent in the month.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/14/2016 11:24:16 AM

Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.00 23.15 -6.56 percent [+]
Inflation Rate Mom 0.70 0.50 8.12 -1.68 percent [+]
Harmonised Consumer Prices 100.90 100.20 100.90 59.40 Index Points [+]
Consumer Price Index CPI 102.60 101.90 103.80 7.10 Index Points [+]
Core Consumer Prices 105.10 104.30 105.10 42.20 Index Points [+]
Core Inflation Rate 1.40 1.10 10.20 -6.10 percent [+]
GDP Deflator 104.13 108.74 108.74 69.28 Index Points [+]
Producer Prices 105.10 104.50 118.00 27.00 Index Points [+]
Export Prices 106.60 106.80 123.10 16.50 Index Points [+]
Import Prices 132.50 130.50 135.70 15.60 Index Points [+]
Food Inflation -1.00 -1.10 21.10 -8.10 percent [+]
Cpi Transportation 98.40 95.00 110.50 70.60 Index Points [+]
Producer Prices Change -1.60 -3.80 9.50 -3.80 percent [+]




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