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

The inflation rate in Ireland was recorded at 0.20 percent in October of 2014. Inflation Rate in Ireland averaged 5.01 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
0.20 0.30 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 Wednesday, November 26, 2014.


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.

Upward pressures mostly came from restaurants and hotels (+0.42 percent) and miscellaneous goods and services (+ 0.42 percent) due to higher costs in local property tax and a price rise in insurance premiums. In addition, alcoholic beverages and tobacco increased (+ 0.23 percent). In contrast, downward pressures came from food and non alcoholic beverages (-0.3 percent) due to a decline in prices of meat, vegetables, bread and cereals, transportation (- 0.24 percent) as the prices of petrol declined and clothing and footwear (- 0.22 percent) due to sales.

In comparison with September 2014, Irish consumer prices decreased 0.3 percent, following a 0.2 fall in the previous period. Prices of transport dropped (-0.32 percent) due to lower petrol and diesel cost and prices of restaurants and hotels (-0.07 percent) fell mainly due to lower cost of hotel accommodation. Upward pressures came from education (+ 0.13 percent) primarily due to the extra costs associated with participating in third level education and miscellaneous goods and services (+ 0.09 percent) mainly due to a rise in motor insurance premiums and higher prices for products for personal care.

Prices on average, as measured by the EU Harmonised Index of Consumer Prices increased by 0.4 percent compared with October 2013.

CSO | Carolina Cunha | carolina.cunha@tradingeconomics.com
11/13/2014 12:01:20 PM


Recent Releases

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

Ireland Inflation Rate Edges Up to 0.4%
Irish annual inflation rate rose to 0.4 percent in August of 2014 from 0.3 percent in July, driven by higher cost of restaurants and hotels, miscellaneous goods and services and alcoholic beverages and tobacco. Published on 2014-09-11


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-11 11:00 AM
Inflation Rate YoY  Aug 2014
0.4% 0.3% 0.37%
2014-10-09 11:00 AM
Inflation Rate YoY  Sep 2014
0.3% 0.4% 0.33%
2014-11-13 11:00 AM
Inflation Rate YoY  Oct 2014
0.2% 0.3% 0.32%
2014-12-11 11:00 AM
Inflation Rate YoY  Nov 2014
0.2% 0.34%


Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.20 0.30 23.15 -6.56 percent [+]
Inflation Rate Mom -0.30 -0.20 8.12 -1.68 percent [+]
Consumer Price Index CPI 101.80 102.10 103.80 7.10 Index Points [+]
Core Inflation Rate 0.50 0.70 10.20 -6.10 percent [+]
Harmonised Consumer Prices 109.60 109.90 110.20 108.20 Index Points [+]
Core Consumer Prices 103.60 103.80 104.10 42.20 Index Points [+]
GDP Deflator 101.26 99.00 111.68 72.75 Index Points [+]
Producer Prices 102.10 101.60 115.10 26.30 Index Points [+]
Export Prices 104.60 105.00 123.10 16.50 Index Points [+]
Import Prices 133.70 133.00 137.00 15.60 Index Points [+]
Food Inflation -0.30 -2.30 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 6.59 Oct/14 6.75 6821.31 1.65 percent [+]
Canada 2.40 Oct/14 2.00 21.60 -17.80 percent [+]
China 1.60 Oct/14 1.60 28.40 -2.20 percent [+]
Euro Area 0.40 Oct/14 0.30 5.00 -0.70 percent [+]
France 0.50 Oct/14 0.30 18.80 -0.70 percent [+]
Germany 0.80 Oct/14 0.80 11.54 -7.62 percent [+]
India 5.52 Oct/14 6.46 11.16 5.52 percent [+]
Indonesia 4.83 Oct/14 4.53 82.40 -1.17 percent [+]
Italy 0.10 Oct/14 -0.20 25.64 -2.44 percent [+]
Japan 3.20 Sep/14 3.30 25.00 -2.52 percent [+]
Mexico 4.30 Oct/14 4.22 179.73 2.91 percent [+]
Netherlands 1.10 Oct/14 0.90 11.19 -1.30 percent [+]
Russia 8.30 Oct/14 8.00 2333.30 3.60 percent [+]
South Korea 1.20 Oct/14 1.10 32.50 0.20 percent [+]
Spain -0.10 Oct/14 -0.20 28.43 -1.37 percent [+]
Switzerland 0.00 Oct/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.96 Oct/14 8.86 138.71 -4.01 percent [+]
United Kingdom 1.30 Oct/14 1.20 8.50 0.50 percent [+]
United States 1.70 Oct/14 1.70 23.70 -15.80 percent [+]