Annual inflation rate in Ireland decreased to 0.6 percent in February of 2019 from 0.7 percent in each of the previous two months. It was the lowest inflation rate since November, as cost slowed for housing & utilities and restaurant & hotels. On a monthly basis, consumer prices rose 0.8 percent, after a 0.7 percent fall in January. The harmonised index of consumer prices rose by 0.7 percent from the previous year; and increased by 0.8 percent from the previous month. Inflation Rate in Ireland averaged 4.51 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 1.50 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.

Ireland Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-13 11:00 AM Inflation Rate YoY 0.6% 0.9% 0.9%
2019-01-15 11:00 AM Inflation Rate YoY 0.7% 0.6% 0.9%
2019-02-14 11:00 AM Inflation Rate YoY 0.7% 0.7% 0.7%
2019-03-14 11:00 AM Inflation Rate YoY 0.6% 0.7% 0.7%
2019-04-11 10:00 AM Inflation Rate YoY 0.6% 0.7%
2019-05-09 10:00 AM Inflation Rate YoY
2019-06-13 10:00 AM Inflation Rate YoY



Irish February Inflation Rate Slows to 3-Month Low of 0.6%

Annual inflation rate in Ireland decreased to 0.6 percent in February of 2019 from 0.7 percent in each of the previous two months. It was the lowest inflation rate since November, as cost slowed for housing & utilities and restaurant & hotels.

Year-on-year, inflation softened for housing and utilities (4 percent from 4.4 percent in January); restaurant and hotels (3.6 percent from 3.7 percent) and health (0.8 percent from 1 percent). In addition, prices continued to drop for transport (-1.3 percent, the same as in January); food and non-alcoholic beverages (-0.7 percent from -1.5 percent); recreation and culture (-0.3 percent from a flat reading); clothing and footwear (-1.7 percent from -1.5 percent); communication (-1.9 percent from -0.9 percent) and furnishings household equipment and routine household maintenance (-3.7 percent from -3.3 percent). Meanwhile, inflation was steady for alcoholic beverages and tobacco (2.7 percent, the same as in January). 

Annual core inflation, which excludes energy and unprocessed food, went down to 0.6 percent in February from 0.8 percent in January. 

On a monthly basis, consumer prices rose 0.8 percent, after a 0.7 percent fall in January. the largest upward contribution to the CPI in the month were clothing & footwear (+0.28%), transport (+0.25%) and restaurants & hotels (+0.15%).  The divisions which caused the largest downward contribution in the month were alcoholic beverages & tobacco (-0.04%) and communications (-0.03%). 

The harmonised index of consumer prices rose by 0.7 percent from the previous year; and increased by 0.8 percent from the previous month. 


CSO | Agna Gabriel | agna.gabriel@tradingeconomics.com
3/14/2019 11:24:47 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.60 0.70 23.15 -6.56 percent [+]
Inflation Rate Mom 0.80 -0.70 8.12 -1.68 percent [+]
Harmonised Consumer Prices 100.80 100.00 101.70 59.40 Index Points [+]
Consumer Price Index CPI 101.20 100.40 102.60 7.00 Index Points [+]
Core Consumer Prices 101.00 100.20 102.50 39.70 Index Points [+]
Core Inflation Rate 0.60 0.80 10.20 -6.10 percent [+]
GDP Deflator 101.44 100.10 104.50 61.37 Index Points [+]
Producer Prices 94.40 94.20 109.40 25.00 Index Points [+]
Export Prices 96.30 95.40 113.50 15.70 Index Points [+]
Import Prices 98.90 98.20 111.90 14.30 Index Points [+]
Producer Prices Change -8.90 -9.90 22.13 -10.61 percent [+]
CPI Housing Utilities 108.70 108.40 117.80 62.00 Index Points [+]
CPI Transportation 100.40 98.70 115.90 70.60 Index Points [+]
Food Inflation -1.50 -1.40 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 23.15 -6.56 1976 - 2019 percent Monthly
2016M12=100, NSA




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.40 Jan/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Feb/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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