Inflation Ireland 2007
Average inflation: 4.9%
Current Inflation
Inflation is high at 4.9%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.1%. The lowest inflation was in September at 4.6%.
- Highest month
- January: 5.1%
- Lowest month
- September: 4.6%
- Difference
- 0.5 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 20.5%. The lowest price increase was in Clothing and footwear with an average of -3.3%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 20.5%
- Lowest increase
- Clothing and footwear: -3.3%
Historical Context
Current inflation is 1.5% higher than the 5-year average of 3.4%.
- 5-year average
- 3.4%
- 10-year average
- 4%
- All-time high (2000)
- 5.6%
- All-time low (2004)
- 2.2%
Trend
Inflation shows an upward trend. Compared to 2006, inflation has risen by +1.0 percentage point.
- Change vs. previous year
- +1.0 percentage points
- Largest monthly swing
- January: +2.2 percentage points
ECB Target
Inflation is 2.9% 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 €104.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| January | 5.1% | +2.2 |
| February | 4.8% | +1.5 |
| March | 5.0% | +1.6 |
| April | 5.1% | +1.4 |
| May | 5.0% | +1.1 |
| June | 5.0% | +1.1 |
| July | 4.9% | +0.7 |
| August | 4.7% | +0.2 |
| September | 4.6% | +0.6 |
| October | 4.8% | +0.9 |
| November | 5.0% | +0.6 |
| December | 4.6% | -0.4 |
| Average | 4.9% |
Data source
Data from OECD. Last updated: 11/01/2026.