Inflation Ireland 2017
Average inflation: 0.4%
Current Inflation
Inflation is very low at 0.4%, well below the ECB target.
Peak and Trough
The highest inflation was in April at 1.0%. The lowest inflation was in June at -0.4%.
- Highest month
- April: 1.0%
- Lowest month
- June: -0.4%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 2.3%. The lowest price increase was in Clothing and footwear with an average of -4.3%.
- Highest increase
- Restaurants and hotels: 2.3%
- Lowest increase
- Clothing and footwear: -4.3%
Historical Context
Current inflation is around the 5-year average of 0.2%.
- 5-year average
- 0.2%
- 10-year average
- 0.4%
- All-time high (2000)
- 5.6%
- All-time low (2009)
- -4.4%
Trend
Inflation has remained relatively stable. Compared to 2016, the difference is minimal (+0.4 percentage point).
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- March: +1.1 percentage points
ECB Target
Inflation is 1.6% 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 €100.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 0.4% | +0.3 |
| February | 0.6% | +0.7 |
| March | 0.7% | +1.1 |
| April | 1.0% | +1.1 |
| May | 0.1% | 0.0 |
| June | -0.4% | -0.9 |
| July | -0.1% | -0.6 |
| August | 0.5% | +0.5 |
| September | 0.2% | +0.3 |
| October | 0.5% | +0.7 |
| November | 0.5% | +0.5 |
| December | 0.4% | +0.4 |
| Average | 0.4% |
Data source
Data from OECD. Last updated: 11/01/2026.