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.