Prices of food and non-alcoholic beverages in Ireland surged by 10.6 percent year-on-year in October of 2022, the sharpest increase in 38 years and picking up from the 9.9 percent rise in the prior month. The rise was the most pronounced for oils and fats (25.3 percent), milk, cheese, and eggs (17.9 percent), sugar (15.3 percent), meats (13.1 percent), and bread and cereals (12.1 percent). On a monthly basis, costs rose by 1 percent. source: Central Statistics Office Ireland

Food Inflation in Ireland averaged 3.21 percent from 1976 until 2022, 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 December of 2022.

Food Inflation in Ireland is expected to be 9.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Food Inflation is projected to trend around 2.70 percent in 2023 and 1.90 percent in 2024, according to our econometric models.

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Ireland Food Inflation

Related Last Previous Unit Reference
Inflation Rate 9.20 8.20 percent Oct 2022
Inflation Rate MoM 1.60 0.00 percent Oct 2022
Harmonised Consumer Prices 115.30 113.60 points Oct 2022
Consumer Price Index CPI 115.60 113.80 points Oct 2022
Core Inflation Rate 5.40 5.50 percent Oct 2022
Core Consumer Prices 110.30 110.10 points Oct 2022
Producer Prices 90.20 88.40 points Oct 2022
Export Prices 95.50 94.90 points Sep 2022
Import Prices 108.40 106.60 points Sep 2022
Food Inflation 10.60 9.90 percent Oct 2022
CPI Transportation 123.30 123.20 points Oct 2022
CPI Housing Utilities 154.50 142.10 points Oct 2022
Producer Prices Change 8.00 6.10 percent Oct 2022