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.

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Ireland Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-08 11:00 AM Nov 8.9% 9.2% 8.9%
2023-01-17 11:00 AM Dec 8.2% 8.9% 8.2%
2023-02-16 11:00 AM Jan 8.2% 7.8%


Related Last Previous Unit Reference
Inflation Rate 8.20 8.90 percent Dec 2022
Inflation Rate MoM -0.20 0.30 percent Dec 2022
Consumer Price Index CPI 115.80 116.00 points Dec 2022
Harmonised Consumer Prices 115.20 115.50 points Dec 2022
Core Inflation Rate 5.50 5.50 percent Dec 2022
Core Consumer Prices 111.40 110.70 points Dec 2022
Producer Prices 85.60 86.70 points Dec 2022
Export Prices 100.10 99.90 points Nov 2022
Import Prices 108.10 103.70 points Nov 2022
Food Inflation 11.70 11.20 percent Dec 2022
Producer Prices Change 2.50 3.80 percent Dec 2022
CPI Transportation 120.50 123.70 points Dec 2022
CPI Housing Utilities 154.70 155.50 points Dec 2022

Ireland Inflation Rate
In Ireland, the most important categories in the consumer price index are: housing, water, electricity, gas and other fuels (16 percent of total weight); restaurants and hotels (15 percent); transport (14 percent); miscellaneous goods and services (12 percent); and food and non-alcoholic beverages (11 percent). The index also includes: recreation and culture (7 percent); alcoholic beverages and tobacco (6 percent); furnishings, household equipment and maintenance (5 percent). Clothing and footwear; health; communications; and education account for the remaining 13 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
8.20 8.90 23.15 -6.56 1976 - 2022 percent Monthly
2016M12=100, NSA

News Stream
Ireland Inflation Rate Slows Further in December
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.
2023-01-17
Ireland Inflation Rate Slows in November
The annual inflation rate in Ireland slowed to 8.9 percent in November of 2022, easing from the 38-year high of 9.2 percent hit in the prior month. Prices slowed for housing & utilities (27.1 percent vs. 27.8 percent in October) and transport (7.9 percent vs. 9.0 percent) while advancing faster for restaurants & hotels (7.6 percent vs. 7.5 percent) and food and non-alcoholic beverages (11.2 percent 10.6 percent). Monthly, consumer prices increased by 0.3 percent, accelerating from the 0.1 percent rise in the previous period.
2022-12-08
Ireland Inflation Jumps to 38-Year High
The annual inflation rate in Ireland jumped to 9.2 percent in October of 2022, the highest in 38 years, picking up from the 8.2 percent in the prior month as energy costs abruptly increased. Prices accelerated for housing and utilities (27.8 percent vs 20 percent in September) amid soaring utility costs (70.4 percent), and food and non-alcoholic beverages (10.6 percent vs 9.9 percent). While remaining high, inflation slowed for transportation (9 percent vs 11.3 percent) and restaurants and hotels (7.5 percent vs 7.6 percent). On a monthly basis, consumer prices jumped by 1.6 percent, the sharpest increase since March and picking up from the stalled price growth in the prior month.
2022-11-10