The annual inflation rate in Ireland jumped to 1.7 percent in April of 2019 from 1.1 percent in the previous month. It was the highest inflation rate since August of 2012, boosted by higher prices of transport, housing & utilities and restaurant & hotels. On a monthly basis, consumer prices went up 0.4 percent, after a 0.8 percent gain in the prior month. Annual core inflation, which excludes energy and unprocessed food, went up to 1.4 percent in April from 0.9 percent in March. The harmonised index of consumer prices rose by 1.7 percent from the previous year; and increased by 0.4 percent from the previous month. Inflation Rate in Ireland averaged 4.50 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 1.10 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 1.50 in 12 months time. In the long-term, the Ireland Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.