Inflation Ireland 2019
Average inflation: 0.9%
Current Inflation
Inflation is very low at 0.9%, well below the ECB target.
Peak and Trough
The highest inflation was in April at 1.6%. The lowest inflation was in July at 0.6%.
- Highest month
- April: 1.6%
- Lowest month
- July: 0.6%
- Difference
- 1.0 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 3.8%. The lowest price increase was in Communication with an average of -5.3%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 3.8%
- Lowest increase
- Communication: -5.3%
Historical Context
Current inflation is 0.6% higher than the 5-year average of 0.3%.
- 5-year average
- 0.3%
- 10-year average
- 0.6%
- All-time high (2000)
- 5.6%
- All-time low (2009)
- -4.4%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (+0.4 percentage point).
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- April: +2.0 percentage points
ECB Target
Inflation is 1.1% 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 €100.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 0.7% | +0.6 |
| February | 0.7% | +0.3 |
| March | 1.1% | +0.9 |
| April | 1.6% | +2.0 |
| May | 0.8% | +0.3 |
| June | 1.1% | +0.7 |
| July | 0.6% | -0.1 |
| August | 0.7% | +0.1 |
| September | 0.8% | -0.2 |
| October | 0.7% | -0.3 |
| November | 1.1% | +0.5 |
| December | 1.3% | +0.7 |
| Average | 0.9% |
Data source
Data from OECD. Last updated: 11/01/2026.