Ireland's consumer prices decreased 1 percent year-on-year in December of 2020, following a 1.1 percent drop in the previous month. It was the nineth consecutive month of declines in consumer prices but the softest since August. Cost fell at a softer pace for housing & utilities (-1.9 percent vs -2.4 percent); clothing & footwear (-7.8 percent vs -7.9 percent) and communication (-1.8 percent vs -2.5 percent). Meantime, prices advanced faster for restaurant & hotels (2.5 percent vs 0.8 percent) and recreation & culture (0.9 percent vs 0.8 percent) while those of alcoholic beverages (0.4 percent vs 1.1 percent) and health (3.4 percent vs 4 percent) slowed. On the other hand, cost dropped faster for transport (-4.1 percent vs -3 percent); food & non-alcoholic beverages (-1.6 percent vs -1.5 percent) and furniture & household goods (-3.9 percent vs -3.7 percent). On a monthly basis, consumer prices went up 0.3 percent, the same as in November. source: Central Statistics Office Ireland

Inflation Rate in Ireland averaged 4.34 percent from 1976 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Inflation Rate in Ireland is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ireland to stand at 1.10 in 12 months time. In the long-term, the Ireland Inflation Rate is projected to trend around 1.10 percent in 2022 and 1.50 percent in 2023, according to our econometric models.

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Ireland Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -1.10 23.15 -6.56 1976 - 2020 percent Monthly
2016M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-08 10:00 AM Sep -1.2% -1% -0.9%
2020-11-12 11:00 AM Oct -1.5% -1.2% -1.2%
2020-12-10 11:00 AM Nov -1.1% -1.5% -1.6%
2021-01-14 11:00 AM Dec -1% -1.1% -1.1%
2021-02-18 11:00 AM Jan -1%
2021-03-11 11:00 AM Feb
2021-04-09 10:00 AM Mar
2021-05-14 10:00 AM Apr


News Stream
Irish Consumer Prices Fall the Least in 4 Months
Ireland's consumer prices decreased 1 percent year-on-year in December of 2020, following a 1.1 percent drop in the previous month. It was the nineth consecutive month of declines in consumer prices but the softest since August. Cost fell at a softer pace for housing & utilities (-1.9 percent vs -2.4 percent); clothing & footwear (-7.8 percent vs -7.9 percent) and communication (-1.8 percent vs -2.5 percent). Meantime, prices advanced faster for restaurant & hotels (2.5 percent vs 0.8 percent) and recreation & culture (0.9 percent vs 0.8 percent) while those of alcoholic beverages (0.4 percent vs 1.1 percent) and health (3.4 percent vs 4 percent) slowed. On the other hand, cost dropped faster for transport (-4.1 percent vs -3 percent); food & non-alcoholic beverages (-1.6 percent vs -1.5 percent) and furniture & household goods (-3.9 percent vs -3.7 percent). On a monthly basis, consumer prices went up 0.3 percent, the same as in November.
2021-01-14
Irish Consumer Prices Fall For 8th Month
Ireland's consumer prices fell 1.1 percent from a year earlier in November 2020, an eight consecutive month of decline, with main downward pressure coming from transport (-3.0 percent), primarily due to a reduction in air fares and lower prices for diesel and petrol; clothing & footwear (-7.9 percent) due to sales; housing & utilities (-2.4 percent), on the back of a reduction in the price of home heating oil, lower rents and a fall in the cost of natural gas; and furnishings, household equipment & routine household maintenance (-3.7 percent), mainly due to the reduced cost of non-durable household goods, furniture & furnishings and household textiles. On a monthly basis, consumer prices rose 0.3 percent in November, the first monthly gain since June.
2020-12-10
Irish Consumer Prices Fall the Most Since 2010
Ireland's consumer prices decreased 1.5 percent in the year to October of 2020, following a 1.2 percent drop in the previous month. It was the sharpest annual fall since 2010 and the seventh consecutive period of decline, suggesting that domestic demand remained subdued amid the coronavirus crisis. There were decreases in prices for: communications (-7.9 percent), clothing & footwear (-4.4 percent), transport (-4.3 percent) and furnishings, household equipment & routine household maintenance (-4.0 percent). On the other hand, there were increases for health (4.2 percent), alcoholic beverages & tobacco (0.8 percent), recreation & culture (0.7 percent) and restaurants & hotels (0.1 percent). On a monthly basis, consumer prices went down 0.6 percent, after a 0.4 percent fall in September.
2020-11-12
Irish Deflation Deepens in September
Ireland's consumer prices decreased 1.2 percent in the year to September of 2020, following a 1 percent drop in the previous month. It was the sharpest annual fall since 2010 and the sixth consecutive period of decline, suggesting that domestic demand remained subdued amid the coronavirus crisis. There were decreases in prices for: communications (-8.1 percent), clothing & footwear (-5.8 percent), furnishings, household equipment & routine household maintenance (-3.8 percent) and transport (-3.5 percent). On the other hand, there were increases for education (4.1 percent), health (3.4 percent), restaurants & hotels (1.1 percent) and recreation & culture (1 percent). On a monthly basis, consumer prices went down 0.4 percent, after a 0.1 percent fall in August.
2020-10-08

Ireland Inflation Rate
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.