Ireland Inflation Rate  1976-2017 | Data | Chart | Calendar | Forecast

Irish consumer prices increased by 0.3 percent in the year to January 2017, the first rise in six months, after showing no growth in the previous month. It was the highest inflation rate since July last year, driven by higher cost for transport, restaurants and hotels and miscellaneous goods and services. On a monthly basis, consumer prices declined by 0.5 percent after remaining unchanged in December. Inflation Rate in Ireland averaged 4.72 percent from 1976 until 2017, 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.

Ireland Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-08 11:00 AM Nov -0.1% -0.3% -0.1%
2017-01-19 11:00 AM Dec 0% -0.1% 0.3%
2017-02-21 11:00 AM Jan 0.3% 0% 0.4%
2017-03-16 11:00 AM Feb 0.3% 0.5%
2017-04-13 10:00 AM Mar 0.28%
2017-05-12 10:00 AM Apr 0.25%




Irish Inflation Rate Rises To 6-Month High


Irish consumer prices increased by 0.3 percent in the year to January 2017, the first rise in six months, after showing no growth in the previous month. It was the highest inflation rate since July last year, driven by higher cost for transport, restaurants and hotels and miscellaneous goods and services.

Year-on-year, the biggest upwards contribution came from: Transport (2.8 percent from 0.5 percent in December); restaurants and hotels (2 percent from 1.9 percent) and miscellaneous goods and services (2 percent from 2.2 percent). Additional gains came from: Housing, water, electricity, gas and other fuels (1.3 percent from 0.8 percent in December); and health (1.3 percent from 1.2 percent). By contrast, cost continued to drop for: Food and non-alcoholic beverages (-2.4 percent from -2.8 percent in December); recreation and culture (-2.3 percent from -2.1 percent); and clothing and footwear (-2.6 percent from -3.8 percent)
  
On a monthly basis, consumer prices declined by 0.5 percent, after showing no growth in December. The most significant monthly price changes were decreases in clothing and footwear (- 9 percent) and furnishings, household equipment and routine household maintenance (-3 percent). There were increases in alcoholic beverages and tobacco (1.5 percent) and food and non-alcoholic beverages (0.4 percent).

The harmonized index increased by 0.2 percent compared to a year earlier and fell by 0.5 percent in the month.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/21/2017 11:35:56 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.30 0.00 23.15 -6.56 percent [+]
Inflation Rate Mom -0.50 0.00 8.12 -1.68 percent [+]
Harmonised Consumer Prices 98.90 99.40 100.90 59.40 Index Points [+]
Consumer Price Index CPI 99.50 100.00 102.60 7.00 Index Points [+]
Core Consumer Prices 99.20 100.00 102.50 39.70 Index Points [+]
Core Inflation Rate -0.10 0.00 10.20 -6.10 percent [+]
GDP Deflator 101.97 99.55 109.38 66.07 Index Points [+]
Producer Prices 107.30 107.10 118.00 27.00 Index Points [+]
Export Prices 102.10 99.40 113.50 15.70 Index Points [+]
Import Prices 99.10 97.60 111.90 14.30 Index Points [+]
Cpi Transportation 100.20 100.00 110.50 70.60 Index Points [+]
Food Inflation -2.40 -2.80 21.10 -8.10 percent [+]
Producer Prices Change 1.60 1.30 9.50 -3.80 percent [+]



Ireland Inflation Rate Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.00 23.15 -6.56 1976 - 2017 percent Monthly
NSA



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Portugal 1.30 Jan/17
Puerto Rico 0.50 Dec/16
Qatar 1.20 Jan/17
Republic of the Congo 3.70 Apr/15
Romania 0.10 Jan/17
Russia 5.00 Jan/17
Rwanda 12.00 Jan/17
Sao Tome and Principe 5.10 Dec/16
Saudi Arabia -0.40 Jan/17
Senegal 1.80 Jan/17
Serbia 2.40 Jan/17
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Sierra Leone 15.26 Nov/16
Singapore 0.60 Jan/17
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