Annual inflation in Ireland rose to 7 percent in April of 2022, the highest since September of 1984 and accelerating from a 6.7 percent rise in the previous month. The most significant increases were seen for housing and utilities (17.1 percent), amid higher rent, mortgage interest, and utilities, and transportation (18.9 percent), due to surging costs of fuels and airfares. Other significant rises took place for food and non-alcoholic beverages (3.5 percent), restaurant and hotels (5 percent), alcoholic beverages (5.1 percent), and household maintenance (2.7 percent). On a monthly basis, consumer prices went up by 0.9 percent, easing from the 1.9 percent jump in the prior month. source: Central Statistics Office Ireland
Inflation Rate in Ireland averaged 4.31 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 May of 2022.
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 3.00 percent in 2023 and 2.30 percent in 2024, according to our econometric models.