DUBLIN: rish consumer prices fell 0.1 percent in the year to August 2016, following a 0.5 percent gain in the previous month. It was the first decline in four months, mainly due to a sharp drop in cost of transportation and housing and utilities. On a monthly basis, consumer prices went down 0.2 percent, the same pace as in the previous month. Inflation Rate in Ireland averaged 4.77 percent from 1976 until 2016, reaching an all time high of 23.15 percent in October of 1981 and a record low of -6.56 percent in October of 2009. Inflation Rate in Ireland.
In Ireland, the most important categories in the consumer price index are: housing, water, electricity, gas and other fuels (17 percent of total weight); transport (15 percent); restaurants and hotels (14 percent) and food and non-alcoholic beverages (11 percent). The index also includes: recreation and culture (8 percent); clothing and footwear (5 percent); alcoholic beverages and tobacco (5 percent); health (5 percent) and communications (4 percent).
Furnishings, household equipment, education and other goods and services account for the remaining 16 percent. This page provides the latest reported value for – Ireland Inflation Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
