Inflation in Ireland

Ireland - Harmonized Inflation (end of period)
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 (eop) Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (HICP, annual variation in %, eop) | 0.2 | -0.2 | 0.5 | 0.8 | 1.1 |
Ireland Harmonized Inflation (eop) Chart

Source: Central Statistics Office Ireland.
Ireland Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | -0.09 | 0.27 % | Jan 01 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Ireland: Consumer confidence rises to seven-month high in January
January 26, 2023
Consumer confidence came in at 55.7 in January, up notably from December's 48.7.
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Ireland: Harmonized inflation drops to lowest level since April in December
January 17, 2023
Harmonized inflation dropped to 8.2% in December below November’s 9.0%.
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Ireland: Industrial output gains steam in November
January 9, 2023
Industrial output rose 6.4% in month-on-month seasonally-adjusted terms in November, which contrasted October's 8.8% decrease.
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Ireland: Composite PMI rises above 50.0 threshold in December
January 5, 2023
The AIB Composite Purchasing Managers' Index (PMI) came in at 50.5 in December, up from November's 48.8.
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Ireland: Harmonized inflation decreases in November
December 8, 2022
Harmonized inflation came in at 9.0% in November, down from October’s 9.4%.