Ireland's consumer price inflation picked up to 0.7 percent year-on-year in August 2019 from a year low of 0.5 percent in the previous month, boosted by increases in prices of housing & utilities, restaurants & hotels, alcoholic beverages & tobacco and miscellaneous goods & services. Inflation Rate in Ireland averaged 4.47 percent from 1976 until 2019, 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.

Inflation Rate in Ireland is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ireland to stand at 1.20 in 12 months time. In the long-term, the Ireland Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

Ireland Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-06-13 10:00 AM Inflation Rate YoY May 1.0% 1.7% 1.4%
2019-07-10 10:00 AM Inflation Rate YoY Jun 1.1% 1% 1.2%
2019-08-08 10:00 AM Inflation Rate YoY Jul 0.5% 1.1% 1%
2019-09-12 10:00 AM Inflation Rate YoY Aug 0.7% 0.5% 0.5%
2019-10-10 10:00 AM Inflation Rate YoY Sep 0.7% 0.8%
2019-11-07 11:00 AM Inflation Rate YoY Oct
2019-12-12 11:00 AM Inflation Rate YoY Nov



Irish Inflation Rate Rises to 0.7% in August

Ireland's consumer price inflation picked up to 0.7 percent year-on-year in August 2019 from a year low of 0.5 percent in the previous month.

The largest upward contribution to the CPI came from: housing, water, electricity, gas & other fuels (2.9 percent vs 4.0 percent) mainly due to higher rents and mortgage interest repayments in addition to an increase in the price of gas; restaurants & hotels (2.0 percent vs 2.3 percent) primarily due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc; alcoholic beverages & tobacco (3.1 percent vs 3.3 percent) mainly due to higher prices for tobacco products; and miscellaneous goods & services (1.2 percent vs 0.2 percent) primarily due to higher health insurance premiums and higher prices for hairdressing salons and personal grooming establishments.

By contrast, prices fell for furnishings, household equipment & routine household maintenance (-4.0 percent vs -3.8 percent) mainly due to the reduced cost of furniture & furnishings, non-durable household goods and household textiles; communications (-6.3 percent vs -6.8 percent) due to a reduction in the cost of telephone & telefax equipment and telephone & telefax services; clothing & footwear (-1.6 percent, the same as in July) due to sales; and transport (-0.3 percent vs -1.2 percent) due to a reduction in airfares and lower prices for petrol and diesel.

Annual core inflation, which excludes energy and unprocessed food, picked up to 0.9 percent in August from 0.6 percent in July.

On a monthly basis, consumer prices rose 0.5 percent in August, reversing a 0.2 percent fall in July, as costs increased for clothing & footwear (5.4 percent), miscellaneous goods & services (0.9 percent), restaurants & hotels (0.4 percent) and health (0.4 percent).

The harmonized index of consumer prices rose 0.6 percent from the previous year (vs 0.5 percent in July); and 0.4 percent month-over-month (vs -0.2 percent in July).


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/12/2019 10:32:19 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.50 23.15 -6.56 percent [+]
Inflation Rate Mom 0.50 -0.20 8.12 -1.68 percent [+]
Harmonised Consumer Prices 102.30 101.90 102.30 59.40 Index Points [+]
Consumer Price Index CPI 102.80 102.30 102.80 7.00 Index Points [+]
Core Consumer Prices 102.50 102.00 102.50 39.70 Index Points [+]
Core Inflation Rate 0.90 0.60 10.20 -6.10 percent [+]
GDP Deflator 101.72 101.01 102.42 58.04 Index Points [+]
Producer Prices 94.40 94.10 109.40 25.00 Index Points [+]
Export Prices 95.40 95.10 113.50 15.70 Index Points [+]
Import Prices 92.40 93.20 111.90 14.30 Index Points [+]
Producer Prices Change -4.40 -5.90 22.13 -10.61 percent [+]
CPI Housing Utilities 111.00 110.80 117.80 62.00 Index Points [+]
CPI Transportation 105.70 105.80 115.90 70.60 Index Points [+]
Food Inflation -0.30 -0.50 21.10 -8.10 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.50 23.15 -6.56 1976 - 2019 percent Monthly
2016M12=100, NSA




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.30 Aug/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


Related

Latest