Inflation Ireland 2012

Average inflation: 1.7%

Current Inflation

Inflation is low at 1.7%, below the ECB target of 2%.

Peak and Trough

The highest inflation was in March at 2.2%. The lowest inflation was in November at 0.9%.

Highest month
March: 2.2%
Lowest month
November: 0.9%
Difference
1.3 percentage points
Months with data
12 of 12

Category Insights

The highest price increase was in Education with an average of 8.4%. The lowest price increase was in Furnishings, household equipment and maintenance with an average of -2.4%.

Highest increase
Education: 8.4%
Lowest increase
Furnishings, household equipment and maintenance: -2.4%

Historical Context

Current inflation is 1.1% higher than the 5-year average of 0.6%.

5-year average
0.6%
10-year average
2%
All-time high (2000)
5.6%
All-time low (2009)
-4.4%

Trend

Inflation shows an upward trend. Compared to 2011, inflation has risen by -0.9 percentage point.

Change vs. previous year
-0.9 percentage points
Largest monthly swing
November: -2.0 percentage points

ECB Target

Inflation is 0.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.

Purchasing Power

At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.

What you could buy for €100 this year will cost approximately €101.70 next year at this inflation rate.

Multi-year trend

Monthly figures 2012

Inflation by category

Food and non-alcoholic beverages
0.6%
-1.1vs avg.
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Alcoholic beverages, tobacco and narcotics
3.5%
+1.8vs avg.
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Clothing and footwear
-0.3%
-1.9vs avg.
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Housing, water, electricity, gas and other fuels
0.7%
-1.0vs avg.
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Furnishings, household equipment and maintenance
-2.4%
-4.1vs avg.
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Health
0.5%
-1.2vs avg.
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Transport
5.8%
+4.1vs avg.
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Communication
-1.6%
-3.3vs avg.
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Recreation and culture
-1.2%
-2.9vs avg.
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Education
8.4%
+6.7vs avg.
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Restaurants and hotels
0.5%
-1.2vs avg.
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Miscellaneous goods and services
4.8%
+3.1vs avg.
More details →

Inflation differs per product group. Click on a category for the historical trend.

Month overview

Month Inflation Difference vs. 2011
January 2.1% +0.4
February 2.1% -0.1
March 2.2% -0.7
April 2.0% -1.2
May 1.7% -1.0
June 1.7% -1.0
July 1.6% -1.1
August 2.1% +0.1
September 1.6% -1.0
October 1.2% -1.6
November 0.9% -2.0
December 1.1% -1.3
Average 1.7%

Data source

Data from OECD. Last updated: 11/01/2026.

See also