Ireland's annual inflation rate picked up to 1.1 percent in June of 2019 from a three-month low of 1 percent in the previous month, mainly boosted by increases in prices of housing & utilities, alcoholic beverages & tobacco, restaurants & hotels and education. Inflation Rate in Ireland averaged 4.49 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 1.40 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 1.70 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
2019-04-11 10:00 AM Inflation Rate YoY 1.1% 0.6% 0.7%
2019-05-09 10:00 AM Inflation Rate YoY 1.7% 1.1% 0.9%
2019-06-13 10:00 AM Inflation Rate YoY 1.0% 1.7% 1.4%
2019-07-10 10:00 AM Inflation Rate YoY 1.1% 1% 1.2%
2019-08-08 10:00 AM Inflation Rate YoY 1.1% 1%
2019-09-12 10:00 AM Inflation Rate YoY
2019-10-10 10:00 AM Inflation Rate YoY 1.3%



Irish Inflation Rate Rises to 1.1% in June

Ireland's annual inflation rate picked up to 1.1 percent in June of 2019 from a three-month low of 1 percent in the previous month, mainly boosted by increases in prices of housing & utilities, alcoholic beverages & tobacco, restaurants & hotels and education.

The largest upward contribution to the CPI came from  housing & utilities (4.0 percent vs 4.4 percent in May) mainly due to higher rents and mortgage interest repayments in addition to an increase in the price of electricity and gas, which was partially offset by a reduction in the price of home heating oil; alcoholic beverages & tobacco (3.3 percent vs 2.7 percent), amid higher prices for tobacco products; restaurants & hotels (3.1 percent vs 3.2 percent), due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc., which was partially offset by lower prices for hotel accommodation; and education (1.7 percent, the same as in May).  

On the other hand, prices fell for communications (-6.6 percent vs -6.1 percent), due to a reduction in the cost of telephone & telefax equipment and telephone & telefax services; furnishings, household equipment & routine household maintenance (-3.5 percent vs -3.9 percent), on the back of a reduced cost of furniture & furnishings, non-durable household goods and household textiles; clothing & footwear (-1.0 percent vs -1.3 percent) mainly due to sales; and miscellaneous goods & services (-0.6 percent vs -0.8 percebt) due to a reduction in prices for appliances, articles & products for personal care and other personal effects and lower motor insurance premiums. This reduction was partially offset by higher prices for hairdressing salons & personal grooming establishments and childcare services.

Annual core inflation, which excludes energy and unprocessed food, picked up to 1.1 percent in June from 0.6 percent in May.

On a monthly basis, consumer prices went up 0.2 percent, after a 0.1 percent drop in May. The largest upward contribution to the CPI in the month were transport (+0.23 percent), restaurants & hotels (+0.14 percent) and alcoholic beverages & tobacco (+0.05 percent) while the divisions which caused the largest downward contribution were clothing & footwear (-0.10 percent), food and non-alcoholic beverages (-0.04 percent) and communications (-0.02 percent).

The harmonized index of consumer prices rose by 1.1 percent from the previous year (vs 1 percent in May); and increased by 0.2 percent from the previous month (vs -0.1 percent in May).


CSO | Agna Gabriel | agna.gabriel@tradingeconomics.com
7/10/2019 10:27:56 AM



Ireland Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.00 23.15 -6.56 percent [+]
Inflation Rate Mom 0.20 -0.10 8.12 -1.68 percent [+]
Harmonised Consumer Prices 102.10 101.90 102.10 59.40 Index Points [+]
Consumer Price Index CPI 102.50 102.30 102.60 7.00 Index Points [+]
Core Consumer Prices 102.10 101.70 102.50 39.70 Index Points [+]
Core Inflation Rate 1.10 0.60 10.20 -6.10 percent [+]
GDP Deflator 101.52 100.60 102.42 58.04 Index Points [+]
Producer Prices 95.10 94.80 109.40 25.00 Index Points [+]
Export Prices 104.70 102.20 113.50 15.70 Index Points [+]
Import Prices 97.60 94.50 111.90 14.30 Index Points [+]
Producer Prices Change -6.30 -5.90 22.13 -10.61 percent [+]
CPI Housing Utilities 110.50 110.50 117.80 62.00 Index Points [+]
CPI Transportation 105.00 103.30 115.90 70.60 Index Points [+]
Food Inflation -0.10 -0.20 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.00 23.15 -6.56 1976 - 2019 percent Monthly
2016M12=100, NSA




Country Last Previous
Argentina 57.30 May/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.40 May/19
China 2.70 Jun/19
Euro Area 1.20 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.80 Jun/19
Japan 0.70 May/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 May/19
United States 1.60 Jun/19


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