The annual inflation rate in Ireland slowed to 8.2 percent in December of 2022, easing from 8.9 percent in the prior month and extending the retreat from the 38-year high of 9.2 percent touched in October. While remaining historically high, prices slowed for housing and utilities (25.9 percent vs 27.1 percent in November), transportation (2.2 percent vs 7.9 percent), and furnishings and household equipment (4.1 percent vs 4.2 percent). On the other hand, prices continued to accelerate for food and non-alcoholic beverages (11.7 percent vs 11.2 percent) and restaurants and hotels (8.1 percent vs 7.6 percent). On a monthly basis, the CPI fell by 0.2 percent, its first decline since January of 2022. source: Central Statistics Office Ireland
Inflation Rate in Ireland averaged 4.37 percent from 1976 until 2022, 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 2023.
Inflation Rate in Ireland is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Inflation Rate is projected to trend around 2.30 percent in 2024, according to our econometric models.