Inflation Ireland 2016
Average inflation: 0.0%
Current Inflation
Inflation is very low at 0.0%, well below the ECB target.
Peak and Trough
The highest inflation was in June at 0.5%. The lowest inflation was in March at -0.4%.
- Highest month
- June: 0.5%
- Lowest month
- March: -0.4%
- Difference
- 0.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Miscellaneous goods and services with an average of 4.3%. The lowest price increase was in Furnishings, household equipment and maintenance with an average of -3.2%.
- Highest increase
- Miscellaneous goods and services: 4.3%
- Lowest increase
- Furnishings, household equipment and maintenance: -3.2%
Historical Context
Current inflation is around the 5-year average of 0.4%.
- 5-year average
- 0.4%
- 10-year average
- 0.8%
- All-time high (2000)
- 5.6%
- All-time low (2009)
- -4.4%
Trend
Inflation has remained relatively stable. Compared to 2015, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- January: +0.7 percentage points
ECB Target
Inflation is 2.0% 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 €100.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 0.1% | +0.7 |
| February | -0.1% | +0.5 |
| March | -0.4% | +0.2 |
| April | -0.1% | +0.6 |
| May | 0.1% | +0.5 |
| June | 0.5% | +0.7 |
| July | 0.5% | +0.7 |
| August | 0.0% | +0.1 |
| September | -0.1% | +0.1 |
| October | -0.2% | -0.1 |
| November | 0.0% | +0.2 |
| December | 0.0% | -0.1 |
| Average | 0.0% |
Data source
Data from OECD. Last updated: 11/01/2026.