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.