Cost of food in Ireland decreased 1.30 percent in May of 2020 over the same month in the previous year.
Food Inflation in Ireland averaged 3.29 percent from 1976 until 2020, reaching an all time high of 21.10 percent in December of 1976 and a record low of -8.10 percent in January of 2010. This page provides the latest reported value for - Ireland Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Food Inflation - values, historical data and charts - was last updated on July of 2020. source: Central Statistics Office Ireland
Food Inflation 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 Food Inflation in Ireland to stand at 1.30 in 12 months time. In the long-term, the Ireland Food Inflation is projected to trend around 1.50 percent in 2021, according to our econometric models.