Annual inflation rate in Ireland decreased to 0.6 percent in February of 2019 from 0.7 percent in each of the previous two months. It was the lowest inflation rate since November, as cost slowed for housing & utilities and restaurant & hotels. On a monthly basis, consumer prices rose 0.8 percent, after a 0.7 percent fall in January. The harmonised index of consumer prices rose by 0.7 percent from the previous year; and increased by 0.8 percent from the previous month. Inflation Rate in Ireland averaged 4.51 percent from 1976 until 2019, 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 expected to be 0.70 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 1.50 in 12 months time. In the long-term, the Ireland Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.