Latest reading: Consumer prices increased 3.1% on a year-on-year basis in May, following a 3.2% increase in the previous month....
Inflation in Ireland
Harmonized consumer price inflation averaged 1.7% in the ten years to 2024. The 2024 average figure was 1.3%. 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 2025.
Source: Macrobond.
Ireland Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.4 | 8.1 | 5.2 | 1.3 | 2.0 |
| Inflation (HICP, ann. var. %, eop) | 5.6 | 8.2 | 3.2 | 1.0 | 2.7 |
| Inflation (Core, ann. var. %, aop) | 2.4 | 7.8 | 5.3 | 1.7 | 2.2 |
| Inflation (WPI, ann. var. %, aop) | -5.2 | 9.0 | -1.3 | 0.9 | -2.9 |
Inflation is stable in April
Latest reading: Harmonized consumer prices were up 3.6% on a year-on-year basis in April, unchanged from the prior month's reading. Relative to the prior month's figures, there were higher price pressures for transportation (+3.9% in annual terms vs +3.0% in March), housing and utilities (+8.6% vs +7.7% in March) and restaurants and hotels (+3.8% vs +3.6% in March). In contrast, there were milder price pressures for food and non-alcoholic beverages (+2.1% vs +2.3% in March) and recreation (+1.2% vs +4.1% in March). Meanwhile, consumer prices were up 3.7% in April, unchanged from the previous month's reading. Lastly, harmonized consumer prices were up 0.39% in April on a month-on-month basis, following a 1.78% rise in the previous month.
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 15 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.
Latest Global Inflation News
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Poland: Inflation inches down in May from April -
Qatar: Inflation eases in April Latest reading: Consumer prices were up 2.6% in annual terms in April, following a 4.2% rise in the previous month,... -
Australia: Inflation decelerates in April from the prior month Latest reading: Consumer prices increased 4.2% on a year-on-year basis in April, following a 4.5% increase in the prior month.... -
Singapore: Inflation is stable in April Latest reading: Consumer prices increased 1.8% in annual terms in April, stable from the previous month’s reading. Relative to the... -
Malaysia: Inflation rises in April from the prior month Latest reading: Consumer prices increased 1.9% in annual terms in April, following a 1.7% increase in the prior month. April’s... -
Ireland: Inflation is stable in April Latest reading: Harmonized consumer prices were up 3.6% on a year-on-year basis in April, unchanged from the prior month’s reading.... -
Euro Area: Inflation rises in April from March Latest reading: Harmonized consumer prices increased 3.1% in annual terms in April, following a 2.6% rise in the prior month....