Ireland's annual inflation rate picked up to 0.7 percent in December 2018 from a five-month low of 0.6 percent in the previous month, mainly boosted by increases in prices of housing & utilities, restaurants & hotels and alcoholic beverages & tobacco. Inflation Rate in Ireland averaged 4.53 percent from 1976 until 2018, 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 1.00 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.

Ireland Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-11 10:00 AM Inflation Rate YoY 0.9% 0.7% 0.8%
2018-11-08 11:00 AM Inflation Rate YoY 0.9% 0.9% 0.9%
2018-12-13 11:00 AM Inflation Rate YoY 0.6% 0.9% 0.9%
2019-01-15 11:00 AM Inflation Rate YoY 0.7% 0.6% 0.9%
2019-02-14 11:00 AM Inflation Rate YoY 0.7%
2019-03-14 11:00 AM Inflation Rate YoY
2019-04-11 10:00 AM Inflation Rate YoY 1%



Irish Inflation Rate Rises to 0.7% in December

Ireland's annual inflation rate picked up to 0.7 percent in December 2018 from a five-month low of 0.6 percent in the previous month, mainly boosted by increases in prices of housing & utilities, restaurants & hotels and alcoholic beverages & tobacco.

The largest upward contribution to the CPI came from: housing & utilities (4.6 percent vs 5.1 percent in November), mainly due to higher rents and mortgage interest repayments in addition to an increase in the price of electricity, home heating oil and gas; restaurants & hotels (2.1 percent vs 1.9 percent), primarily due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc. which was partially offset by a reduction in the cost of hotel accommodation; and alcoholic beverages & tobacco (2.8 percent vs 3.1 percent), mainly due to higher prices for tobacco products.

On the other hand, prices fell for: miscellaneous goods & services (-2.4 percent vs -2.5 percent), primarily due to lower health and motor insurance premiums and a reduction in prices for appliances, articles & products for personal care; furnishings, household equipment & routine household maintenance (-3.5 percent vs -4.1 percent), mainly due to the reduced cost of non-durable household goods, furniture & furnishings, household textiles and glassware, tableware & household utensils; and food & non-alcoholic beverages (-1.4 percent vs -2 percent), due to lower prices across a range of products such as meat, bread & cereals, sugar, jam, honey, chocolate & confectionery and fruit.

Annual core inflation, which excludes energy and unprocessed food, picked up to 0.3 percent in December from 0.1 percent in November.

On a monthly basis, consumer prices were unchanged in December, after a 0.5 percent fall in November. An increase in prices of transport (0.5 percent) and restaurants & hotels (0.1 percent) was offset by a decline in costs of clothing & footwear (-1.1 percent) and alcoholic beverages & tobacco (-1 percent).

The harmonised index of consumer prices rose by 0.8 percent from the previous year; and fell by 0.1 percent from the previous month.


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/15/2019 11:27:08 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.60 23.15 -6.56 percent [+]
Inflation Rate Mom 0.00 -0.50 8.12 -1.68 percent [+]
Harmonised Consumer Prices 100.70 100.80 101.70 59.40 Index Points [+]
Consumer Price Index CPI 101.10 101.10 102.60 7.00 Index Points [+]
Core Consumer Prices 100.50 100.40 102.50 39.70 Index Points [+]
Core Inflation Rate 0.30 0.10 10.20 -6.10 percent [+]
GDP Deflator 100.37 102.38 104.82 61.37 Index Points [+]
Producer Prices 94.20 93.70 109.40 25.00 Index Points [+]
Export Prices 95.40 94.90 113.50 15.70 Index Points [+]
Import Prices 98.20 98.90 111.90 14.30 Index Points [+]
Producer Prices Change -9.90 -4.20 22.13 -10.61 percent [+]
CPI Housing Utilities 108.40 108.50 117.80 62.00 Index Points [+]
CPI Transportation 101.90 101.40 115.90 70.60 Index Points [+]
Food Inflation -1.40 -2.00 21.10 -8.10 percent [+]


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. 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.60 23.15 -6.56 1976 - 2018 percent Monthly
2016M12=100, NSA




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 2.00 Dec/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.30 Dec/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.20 Dec/18
Singapore 0.30 Nov/18
South Africa 5.20 Nov/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


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