Inflation in Ireland
Ireland - Harmonized Inflation
Harmonized inflation drops to lowest level since April in December
Harmonized inflation dropped to 8.2% in December below November’s 9.0%. December's reading marked the lowest inflation rate since April. The decline was driven by moderating price pressures for transportation and housing and utilities. Moreover, prices for recreation grew at a more subdued pace.
The trend pointed up mildly, with annual average harmonized inflation coming in at 8.1% in December (November: 7.9%). Meanwhile, consumer price inflation fell to 8.2% in December, from the previous month's 8.9%.
Lastly, harmonized consumer prices fell 0.26% in December over the previous month, swinging from November's 0.17% increase. December's result marked the weakest reading since January.
FocusEconomics analysts expect harmonized inflation to average 5.8% in 2023, which is up 0.4 percentage points from last month’s forecast, and 2.6% in 2024.
Ireland - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||0.0||-0.2||0.3||0.7||0.9|
5 years of economic forecasts for more than 30 economic indicators.
Ireland Harmonized Inflation Chart
Source: Central Statistics Office Ireland.
|Bond Yield||-0.09||0.27 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 26, 2023
Consumer confidence came in at 55.7 in January, up notably from December's 48.7.
January 17, 2023
Harmonized inflation dropped to 8.2% in December below November’s 9.0%.
January 9, 2023
Industrial output rose 6.4% in month-on-month seasonally-adjusted terms in November, which contrasted October's 8.8% decrease.
January 5, 2023
The AIB Composite Purchasing Managers' Index (PMI) came in at 50.5 in December, up from November's 48.8.
December 8, 2022
Harmonized inflation came in at 9.0% in November, down from October’s 9.4%.