Ireland skyline

Ireland Inflation

Ireland Inflation

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: Irish Central Statistics Office.

Ireland Inflation Data

2018 2019 2020 2021 2022
Inflation (HICP, ann. var. %, aop) 0.7 0.9 -0.5 2.4 8.1
Inflation (HICP, ann. var. %, eop) 0.8 1.1 -1.0 5.7 8.2
Inflation (Core, ann. var. %, aop) 0.5 0.9 -0.4 2.3 7.8
Inflation (WPI, ann. var. %, aop) -2.4 -1.0 -8.7 -5.2 5.1

Harmonized inflation rises in December

Harmonized inflation came in at 3.2% in December, up from November’s 2.5%. Looking at the details of the release, housing and utilities prices fell at a more moderate pace in December compared to the previous month, while price pressures for transportation picked up pace. Annual average harmonized inflation fell to 5.2% in December (November: 5.6%). Meanwhile, consumer price inflation rose to 4.6% in December, from the previous month's 3.9%. Finally, harmonized consumer prices rose 0.42% from the previous month in December, contrasting the 0.92% drop recorded in November. December's jump marked the highest reading since August.

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 14 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

Latest Global Inflation News

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest