Ireland Inflation Rate 1976-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Ireland was recorded at 0.10 percent in November of 2014. Inflation Rate in Ireland averaged 5 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.

      Forecast    
Ireland Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.20 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. Content for - Ireland Inflation Rate - was last refreshed on Friday, December 19, 2014.


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.

The largest downward pressure came from food and non-alcoholic beverages (-0.3 percent) due to lower cost across a range of products such as meat, vegetables and bread and cereals. Transport fell by 0.28 percent mainly due to lower petrol and diesel prices and a reduction in the price of motor cars. Clothing and footwear decreased 0.15 percent due to sales. 

In contrast, upward pressures came from miscellaneous goods and services (+0.48 percent) primarily due to higher cost of health and motor insurance premiums and the increased costs associated with the local property tax. Prices of restaurants and hotels  grew  by 0.26 percent and alcoholic beverages and tobacco index rose 0.22 percent due to higher tobacco prices and higher prices for alcohol sold in off licences and supermarkets.

On a monthly basis, Irish inflation rate fell by 0.3 percent mainly driven by lower transport prices (-0.23 percent) due to lower petrol and diesel prices. Cost of housing, water, electricity and gas decreased by 0.08 percent  due to lower mortgage interest repayments and a decline in the cost of electricity and home heating oil. 

Prices on average, as measured by the EU Harmonised Index of Consumer Prices (HICP), increased by 0.2 percent compared with November 2013.

CSO | Carolina Cunha | carolina.cunha@tradingeconomics.com
12/11/2014 12:05:11 PM


Recent Releases

Ireland Inflation Rate Slows in October
Irish annual inflation rate decelerated for the second consecutive month to 0.2 percent in October of 2014 from 0.3 percent in the previous month as prices of food, transportation and clothing and footwear decreased. Published on 2014-11-13

Ireland Inflation Rate Decelerates in September
Irish annual inflation rate edged down to 0.3 percent in September from 0.4 percent in August, driven by lower cost of vegetables, bread, cereals and meat and a fall in prices of motor cars. Published on 2014-10-09


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-09 11:00 AM
Inflation Rate YoY  Sep
0.3% 0.4% 0.33%
2014-11-13 11:00 AM
Inflation Rate YoY  Oct
0.2% 0.3% 0.32%
2014-12-11 11:00 AM
Inflation Rate YoY  Nov
0.1% 0.2% 0.34%
2015-01-16 11:00 AM
Inflation Rate YoY  Dec
2015-02-20 11:00 AM
Inflation Rate YoY  Jan
2015-03-13 11:00 AM
Inflation Rate YoY  Feb


Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.10 0.20 23.15 -6.56 percent [+]
Inflation Rate Mom -0.30 -0.30 8.12 -1.68 percent [+]
Consumer Price Index CPI 101.50 101.80 103.80 7.10 Index Points [+]
Core Inflation Rate 0.50 0.70 10.20 -6.10 percent [+]
Harmonised Consumer Prices 109.30 109.60 110.20 108.20 Index Points [+]
Core Consumer Prices 103.40 103.60 104.10 42.20 Index Points [+]
GDP Deflator 101.77 100.59 111.68 72.75 Index Points [+]
Producer Prices 102.10 101.60 115.10 26.30 Index Points [+]
Export Prices 105.00 105.70 123.10 16.50 Index Points [+]
Import Prices 131.00 133.20 137.00 15.60 Index Points [+]
Food Inflation -2.60 -0.30 21.10 -8.20 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 2.30 Aug/14 3.00 23.90 -1.30 percent [+]
Brazil 6.56 Nov/14 6.59 6821.31 1.65 percent [+]
Canada 2.00 Nov/14 2.40 21.60 -17.80 percent [+]
China 1.40 Nov/14 1.60 28.40 -2.20 percent [+]
Euro Area 0.30 Nov/14 0.40 5.00 -0.70 percent [+]
France 0.30 Nov/14 0.50 18.80 -0.70 percent [+]
Germany 0.57 Nov/14 0.80 11.54 -7.62 percent [+]
India 4.38 Nov/14 5.52 11.16 4.38 percent [+]
Indonesia 6.23 Nov/14 4.83 82.40 -1.17 percent [+]
Italy 0.19 Nov/14 0.10 25.64 -2.44 percent [+]
Japan 2.90 Oct/14 3.20 25.00 -2.52 percent [+]
Mexico 4.17 Nov/14 4.30 179.73 2.91 percent [+]
Netherlands 1.00 Nov/14 1.10 11.19 -1.30 percent [+]
Russia 9.10 Nov/14 8.30 2333.30 3.60 percent [+]
South Korea 1.00 Nov/14 1.20 32.50 0.20 percent [+]
Spain -0.40 Nov/14 -0.10 28.43 -1.37 percent [+]
Switzerland -0.10 Nov/14 0.00 11.92 -1.37 percent [+]
Turkey 9.15 Nov/14 8.96 138.71 -4.01 percent [+]
United Kingdom 1.00 Nov/14 1.30 8.50 0.50 percent [+]
United States 1.30 Nov/14 1.70 23.70 -15.80 percent [+]