Ireland’s consumer price inflation rate rose to 5.1 percent year-on-year in October of 2021 from 3.7 percent in the previous month, the highest reading since April of 2007. Main upward pressure came from transportation (15.4 percent vs 11.4 percent in September), due to higher prices for diesel, petrol, and motor cars, along with housing and utilities (10.8 percent vs 9 percent), due to higher rent, utilities, and home heating oil. Lesser increases were seen in communications (5 percent), and restaurants and hotels (4.1 percent vs 2.7 percent), driven by higher prices for alcoholic drinks and food consumed in licensed premises. Meanwhile, deflation eased for clothing and footwear (-2.4 percent vs -3 percent), due to lower clothing sales. On a monthly basis, consumer prices accelerated 0.7 percent from a 0.5 percent rise in September. source: Central Statistics Office Ireland

Inflation Rate in Ireland averaged 4.29 percent from 1976 until 2021, 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 November of 2021.

Inflation Rate in Ireland is expected to be 5.50 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 1.60 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Ireland Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-14 10:00 AM Sep 3.7% 2.8% 3.1%
2021-11-11 11:00 AM Oct 5.1% 3.7% 4.5%
2021-12-09 11:00 AM Nov 5.1%


Related Last Previous Unit Reference
Inflation Rate 5.10 3.70 percent Oct/21
Inflation Rate Mom 0.70 0.50 percent Oct/21
Harmonised Consumer Prices 105.40 104.60 points Oct/21
Consumer Price Index CPI 105.90 105.20 points Oct/21
Core Consumer Prices 104.60 104.40 points Oct/21
Core Inflation Rate 2.70 2.10 percent Sep/21
Producer Prices 83.50 83.30 points Oct/21
Export Prices 92.10 92.00 points Aug/21
Import Prices 94.60 93.70 points Aug/21
Producer Prices Change -2.60 -1.90 percent Oct/21
Food Inflation 0.80 0.40 percent Oct/21
CPI Transportation 113.10 110.70 points Oct/21
CPI Housing Utilities 120.90 118.40 points Oct/21

News Stream
Ireland Inflation Rate at Over 14-Year High
Ireland’s consumer price inflation rate rose to 5.1 percent year-on-year in October of 2021 from 3.7 percent in the previous month, the highest reading since April of 2007. Main upward pressure came from transportation (15.4 percent vs 11.4 percent in September), due to higher prices for diesel, petrol, and motor cars, along with housing and utilities (10.8 percent vs 9 percent), due to higher rent, utilities, and home heating oil. Lesser increases were seen in communications (5 percent), and restaurants and hotels (4.1 percent vs 2.7 percent), driven by higher prices for alcoholic drinks and food consumed in licensed premises. Meanwhile, deflation eased for clothing and footwear (-2.4 percent vs -3 percent), due to lower clothing sales. On a monthly basis, consumer prices accelerated 0.7 percent from a 0.5 percent rise in September.
2021-11-11
Ireland August Inflation Rate at Near 13-Year High
Ireland’s consumer price inflation rate rose to 3.7 percent year-on-year in September 2021, the highest since October 2008. Main upward pressure came from housing & utilities (9 percent), mainly due to higher rents and mortgage interest repayments and a increase in the cost of electricity, home heating oil and gas. Costs also rose for transport (11 percent), primarily due to higher prices for diesel, petrol and motor cars, airfares and personal transport equipment; restaurants & hotels (2.7 percent), namely alcoholic drinks and food consumed in licensed premises, restaurants and cafes; alcoholic beverages & tobacco (4.9 percent), mainly cost of tobacco products and higher prices for alcoholic beverages sold in supermarkets and off licenses. On a monthly basis, consumer prices edged up 0.5 percent, following a 0.6 percent increase in August.
2021-10-14
Ireland August Inflation Rate Over 9-½- Year High
Ireland’s annual inflation rate increased 2.8 percent in August of 2021, from a 2.2 percent rise in the previous month. It was the highest inflation rate since November 2011. Main upward pressure came from transports (10.2 percent vs 7.3 percent in July), due to higher prices for petrol, diesel and motor cars, an increase in airfares and a rise in the cost of services in respect of personal transport equipment. Cost also significantly increased for housing and utilities (7.3 percent vs 5.3 percent) amid a rise in the cost of electricity, gas, home heating oil; higher rents and mortgage interest repayments. Additionally, prices advanced for alcoholic Beverages & tobacco (2.4 percent vs 1.3 percent) mostly tobacco products; and alcoholic beverages sold in supermarkets and off licences; and consequently, for restaurants and hotels (3.4 percent vs 3.1 percent). On a monthly basis, consumer prices went up by 0.6 percent following a 0.4 percent increase in July.
2021-09-09

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.