Inflation Rate in Ireland decreased to 1.80 percent in February from 1.90 percent in January of 2025. This dataset 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.

The inflation rate for the Republic of Ireland in February 2025 was 1.8 percent, down from 1.9 percent in the previous month. During the provided time period, inflation reached a peak of 9.2 percent in October 2022, and was at its lowest in October 2020, when prices were falling by 1.5 percent. In the most recent month, the sector which had the fastest rate of price rises was restaurants and hotels, at 3.7 percent, while prices were falling by eight percent for clothing and footwear. Inflation subsides but remains a key issue Like in many other economies, the global inflation crisis, led to increased inflation in Ireland from 2021 to 2023, reaching a peak of 9.2 percent in late 2022. As of October 2024, approximately 39 percent of people in Ireland, still saw inflation as one of the top two most important issues facing the country, down from 65 percent in July 2022. Furthermore, inflation was second only to housing as a top issue in the country, ahead of health, immigration, and climate change. Another survey highlights the fact that despite inflation subsiding, people are still struggling with the cost of living. When asked how well they are coping financially, just eleven percent of respondents advised they were living comfortably, with 37 percent just getting by, and almost a quarter finding it quite, or very difficult. Key economic indicators of Ireland Ireland's overall gross domestic product (GDP) in 2024 was estimated to be over 560.6 billion U.S. dollars, up from 551.6 billion dollars in 2023. Due to the presence of several multinational companies in the country, however, Ireland's GDP figure can be misleading. In 2022, for example, while overall GDP was 506.3 billion Euros, gross national income (GNI) was just 363.6 billion Euros, with modified GNI even lower at 273.1 billion Euros. Looking at Ireland's labor market, there were around 2.79 million people employed in the country in 2024, while the unemployment rate has, as of early 2025, fluctuated between four and 4.6 percent since April 2022.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

In 2023, the inflation rate in Ireland amounted to about 5.21 percent compared to the previous year. Ireland’s inflation is forecast to stabilize over the coming years at around two percent.

The Irish recession

Ireland’s economy was the first one in the EU to collapse and enter a recession during the financial crisis of 2008. Unemployment skyrocketed, gross domestic product declined, many Irish workers emigrated to find jobs elsewhere, and even a decade later, Ireland still struggles to return to its former standards. GDP growth, for example, still fluctuates considerably, just like inflation, and unemployment seems to have only just recovered.

To good health and a stable economy

The Central European Bank recommends a stable inflation around two percent as ideal, and Ireland seems to be on the right track. Most of its GDP is generated by services, for example tourism and financial services. However, the alcohol industry is also an important player: In 2018, more than 3.7 billion U.S. dollars in revenue were reported by the Irish alcoholic drinks market.

Graph and download economic data for Inflation, consumer prices for Ireland (FPCPITOTLZGIRL) from 1960 to 2023 about Ireland, consumer, CPI, inflation, price index, indexes, and price.

In February 2025, the core inflation rate, which excludes food and energy price increases, in the Republic of Ireland was 2.2 percent, compared to 2.5 percent in the previous month.

The Consumer Price Index in Ireland increased 0.90 percent in February of 2025 over the previous month. This dataset provides the latest reported value for - Ireland Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Ireland was 1.43 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 1.71 percent. Compared to a year ago, we see a decrease from the inflation...

The inflation rate in the Republic of Ireland in December 2024 was 1.4 percent, with prices rising fastest in the Restaurants and Hotels sector at 3.7 percent.

Harmonised Inflation Rate YoY in Ireland decreased to 1.40 percent in February from 1.70 percent in January of 2025. This dataset includes a chart with historical data for Ireland Harmonised Inflation Rate YoY.

In October 2024, the inflation rate for food in Ireland was at 2.1 percent. In comparison to the same month of the previous year, the cost of food decreased by almost five percent. Since 2021, Ireland has a positive inflation after having a negative inflation from January 2017 to mid 2021. Food Inflation is reported by the Central Statistics Office Ireland.

Inflation, monthly percent change in the CPI in Ireland, February, 2025 The most recent value is 0.84 percent as of February 2025, an increase compared to the previous value of -0.75 percent. Historically, the average for Ireland from February 1996 to February 2025 is 0.16 percent. The minimum of -1.43 percent was recorded in January 2024, while the maximum of 2.05 percent was reached in March 2022. | TheGlobalEconomy.com

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Ireland (CPGRLE01IEQ657N) from Q1 1976 to Q3 2023 about Ireland, core, all items, CPI, inflation, price index, indexes, and price.

Ireland: Inflation: percent change in the Consumer Price Index: The latest value from 2023 is 6.3 percent, a decline from 7.8 percent in 2022. In comparison, the world average is 9.9 percent, based on data from 160 countries. Historically, the average for Ireland from 1960 to 2023 is 5.3 percent. The minimum value, -4.4 percent, was reached in 2009 while the maximum of 20.9 percent was recorded in 1975.

Ireland inflation rate for 2023 was 6.30%, a 1.53% decline from 2022.

• Ireland inflation rate for 2022 was 7.83%, a 5.49% increase from 2021.
• Ireland inflation rate for 2021 was 2.34%, a 2.67% increase from 2020.
• Ireland inflation rate for 2020 was -0.33%, a 1.26% decline from 2019.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

The inflation rate for miscellaneous goods and services in the Republic of Ireland in December 2024 was 2.2 percent, unchanged from the previous month.

Ireland IE: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at -0.308 % in 2017. This records a decrease from the previous number of 0.021 % for 2016. Ireland IE: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 4.457 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 21.023 % in 1976 and a record low of -5.010 % in 2009. Ireland IE: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ireland – Table IE.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

The inflation rate for food and non-alcoholic beverages in the Republic of Ireland in December 2024 was two percent, compared with 1.9 percent in the previous month.

Ireland IE: Harmonised Core Inflation Index data was reported at 1.040 Index, 2018 in Dec 2022. This records an increase from the previous number of 1.035 Index, 2018 for Sep 2022. Ireland IE: Harmonised Core Inflation Index data is updated quarterly, averaging 0.965 Index, 2018 from Mar 1995 (Median) to Dec 2022, with 112 observations. The data reached an all-time high of 1.040 Index, 2018 in Dec 2022 and a record low of 0.704 Index, 2018 in Mar 1995. Ireland IE: Harmonised Core Inflation Index data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.EO: Consumer and Wholesale Price Index: Forecast: OECD Member: Quarterly. PCOREH - Core inflation index, harmonised Overall index excluding energy, food, alcohol and tobaccoIndex, national reference year; All items less food, energy, tobacco, alcohol

Harmonised Inflation Rate MoM in Ireland increased to 0.80 percent in February from -0.70 percent in January of 2025. This dataset includes a chart with historical data for Ireland Harmonised Inflation Rate MoM.