Inflation in Ireland
Ireland - Harmonized Inflation
Inflation jumps in February
In February, consumer prices added 0.9% over the previous month, contrasting a 0.2% decrease observed in January. According to the Central Statistics Office (CSO), the rise in consumer prices was led by higher prices for clothing and footwear, which were partially offset by falling costs of health services. Owing to the pronounced price increase, annual inflation stepped up from 1.7% in January to 2.2% in February, marking the highest inflation rate since December 2008. Simultaneously, annual HICP inflation (based on the harmonised index of consumer prices) jumped to 0.9% in February from 0.2% registered in January. According to the latest Quarterly Bulletin from January 2011, the Central Bank forecasts HICP inflation to reach 0.3% in 2011 and 0.5% in 2012.
Ireland - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||0.5||0.3||0.0||-0.2||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Ireland Harmonized Inflation Chart
Source: Central Statistics Office Ireland.
|Bond Yield||-0.07||0.27 %||Jun 14|
|Exchange Rate||1.12||0.65 %||Jun 14|
|Stock Market||6,155||-0.39 %||Jun 14|
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June 6, 2019
The Irish service sector accelerated markedly in May, as reflected by the AIB service Purchasing Managers’ Index (PMI) rising to 57.0 from 54.7 in April.
June 5, 2019
The highly volatile Irish manufacturing industries production index rose 3.5% in seasonally-adjusted, month-on-month terms in April, following a revised 1.7% upturn in March (previously reported: +1.3% month-on-month). April’s reading reflected a marked acceleration in the modern sector, which more than offset a swing to contraction in the traditional sector.
June 4, 2019
Ireland’s manufacturing sector lost more momentum and expanded at the weakest pace since the aftermath of the UK’s EU referendum vote in July 2016.
June 4, 2019
Consumers turned slightly more optimistic in May, with the KBC Bank Ireland/ESRI consumer sentiment index rising to 89.9 from 87.7 in April.
May 7, 2019
The highly volatile Irish manufacturing industries production index rose 1.3% in seasonally-adjusted, month-on-month terms in March.