Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Ireland
Harmonized consumer price inflation averaged 1.2% in the ten years to 2022. The 2022 average figure was 8.1%. For more inflation information, visit our dedicated page.
Ireland Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Ireland from 2014 to 2023.
Source: Macrobond.
Ireland Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 0.9 | -0.5 | 2.4 | 8.1 | 5.2 |
| Inflation (HICP, ann. var. %, eop) | 1.1 | -1.0 | 5.7 | 8.2 | 3.2 |
| Inflation (Core, ann. var. %, aop) | 0.9 | -0.4 | 2.3 | 7.8 | 5.3 |
| Inflation (WPI, ann. var. %, aop) | -1.0 | -8.7 | -5.2 | 5.1 | 0.0 |
Harmonized inflation drops to lowest level since April 2021 in June
Harmonized inflation eased to 1.5% in June, following May’s 2.0%. June's reading marked the weakest inflation rate since April 2021. Looking at the details of the release, housing and utilities prices fell at a quicker pace in June compared to the previous month, while price pressures for transportation and recreation eased. Annual average harmonized inflation ticked down to 3.0% in June (May: 3.2%). Meanwhile, consumer price inflation fell to 2.2% in June from the previous month's 2.8%. Lastly, harmonized consumer prices rose 0.33% from the previous month in June, a smaller increase than the 0.59% increase logged in May.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Irish inflation projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Irish inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Irish inflation projections.
Want to get access to the full dataset of Irish inflation forecasts? Send an email to info@focus-economics.com.
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