Inflation Ireland 2006
Average inflation: 3.9%
Current Inflation
Inflation is high at 3.9%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 5.0%. The lowest inflation was in January at 2.9%.
- Highest month
- December: 5.0%
- Lowest month
- January: 2.9%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 16.0%. The lowest price increase was in Clothing and footwear with an average of -1.9%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 16.0%
- Lowest increase
- Clothing and footwear: -1.9%
Historical Context
Current inflation is 0.6% higher than the 5-year average of 3.3%.
- 5-year average
- 3.3%
- 10-year average
- 3.9%
- All-time high (2000)
- 5.6%
- All-time low (2004)
- 2.2%
Trend
Inflation shows an upward trend. Compared to 2005, inflation has risen by +1.4 percentage point.
- Change vs. previous year
- +1.4 percentage points
- Largest monthly swing
- December: +2.5 percentage points
ECB Target
Inflation is 1.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2006
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2005 |
|---|---|---|
| January | 2.9% | +0.6 |
| February | 3.3% | +1.0 |
| March | 3.4% | +1.3 |
| April | 3.7% | +1.3 |
| May | 3.9% | +1.5 |
| June | 3.9% | +1.7 |
| July | 4.2% | +1.7 |
| August | 4.5% | +2.3 |
| September | 4.0% | +1.0 |
| October | 3.9% | +0.9 |
| November | 4.4% | +1.8 |
| December | 5.0% | +2.5 |
| Average | 3.9% |
Data source
Data from OECD. Last updated: 11/01/2026.