The annual inflation rate in Ireland jumped to 9.2 percent in October of 2022, the highest in 38 years, picking up from the 8.2 percent in the prior month as energy costs abruptly increased. Prices accelerated for housing and utilities (27.8 percent vs 20 percent in September) amid soaring utility costs (70.4 percent), and food and non-alcoholic beverages (10.6 percent vs 9.9 percent). While remaining high, inflation slowed for transportation (9 percent vs 11.3 percent) and restaurants and hotels (7.5 percent vs 7.6 percent). On a monthly basis, consumer prices jumped by 1.6 percent, the sharpest increase since March and picking up from the stalled price growth in the prior month. source: Central Statistics Office Ireland

Inflation Rate in Ireland averaged 4.35 percent from 1976 until 2022, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Inflation Rate in Ireland is expected to be 7.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Inflation Rate is projected to trend around 3.00 percent in 2023 and 2.30 percent in 2024, according to our econometric models.

Ok
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.

Please Paste this Code in your Website
width
height
Ireland Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-13 10:00 AM Sep 8.2% 8.7% 8.4%
2022-11-10 11:00 AM Oct 9.2% 8.2% 9.2%
2022-12-09 11:00 AM Nov 9.2% 9.5%


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 Consumer Prices 110.30 110.10 points Oct 2022
Core Inflation Rate 5.50 5.80 percent Sep 2022
Producer Prices 88.40 87.20 points Sep 2022
Export Prices 95.50 94.90 points Sep 2022
Import Prices 108.40 106.60 points Sep 2022
Producer Prices Change 8.00 6.10 percent Oct 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

Ireland Inflation Rate
In Ireland, the most important categories in the consumer price index are: housing, water, electricity, gas and other fuels (16 percent of total weight); restaurants and hotels (15 percent); transport (14 percent); miscellaneous goods and services (12 percent); and food and non-alcoholic beverages (11 percent). The index also includes: recreation and culture (7 percent); alcoholic beverages and tobacco (6 percent); furnishings, household equipment and maintenance (5 percent). Clothing and footwear; health; communications; and education account for the remaining 13 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
9.20 8.20 23.15 -6.56 1976 - 2022 percent Monthly
2016M12=100, NSA

News Stream
Ireland Inflation Jumps to 38-Year High
The annual inflation rate in Ireland jumped to 9.2 percent in October of 2022, the highest in 38 years, picking up from the 8.2 percent in the prior month as energy costs abruptly increased. Prices accelerated for housing and utilities (27.8 percent vs 20 percent in September) amid soaring utility costs (70.4 percent), and food and non-alcoholic beverages (10.6 percent vs 9.9 percent). While remaining high, inflation slowed for transportation (9 percent vs 11.3 percent) and restaurants and hotels (7.5 percent vs 7.6 percent). On a monthly basis, consumer prices jumped by 1.6 percent, the sharpest increase since March and picking up from the stalled price growth in the prior month.
2022-11-10
Ireland Inflation Rate Eases for 2nd Month
The annual inflation rate in Ireland fell to 8.2 percent in September of 2022, easing from the 8.7 percent hit in the prior month and extending the decline from the 38-year peak of 9.1 percent hit in June, as energy prices continued to retreat. While remaining high, price growth slowed for housing and utilities (20 percent vs 20.3 percent in August), transportation (11.3 percent vs 14.8 percent), and alcoholic beverages and tobacco (7.1 percent vs 8 percent). On the other hand, the CPI continued to accelerate for restaurants and hotels (7.6 percent vs 7.3 percent) and food and non-alcoholic beverages (9.9 percent vs 8.8 percent). On a monthly basis consumer prices stalled, the first month without price growth since January and compared to the 0.2 percent rise in the previous month.
2022-10-13
Ireland Inflation Rate Slows in August
The annual inflation rate in Ireland fell to 8.7 percent in August of 2022, easing from the 38-year high of 9.1 percent hit in the two prior months. While remaining high, the figure pointed to the first decrease in inflation since January, as prices growth slowed for transportation (14.8 percent vs 19.4 percent in July) and housing and utilities (20.3 percent vs 21.6 percent), amid lower energy prices. Still, costs continued to pick up for food and non-alcoholic beverages (8.8 percent vs 7.7 percent) and furnishings and household maintenance (4.5 percent vs 3.3 percent). On a monthly basis, consumer prices increased by 0.2 percent, easing from the 0.4 percent rise in the previous month.
2022-09-08