Inflation Ireland 2020
Average inflation: -0.3%
Current Inflation
There is deflation with consumer prices declining by 0.3%.
Peak and Trough
The highest inflation was in January at 1.3%. The lowest inflation was in October at -1.4%.
- Highest month
- January: 1.3%
- Lowest month
- October: -1.4%
- Difference
- 2.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 3.1%. The lowest price increase was in Communication with an average of -6.9%.
- Highest increase
- Education: 3.1%
- Lowest increase
- Communication: -6.9%
Historical Context
Current inflation is 0.6% lower than the 5-year average of 0.3%.
- 5-year average
- 0.3%
- 10-year average
- 0.6%
- All-time high (2007)
- 4.9%
- All-time low (2009)
- -4.4%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-1.2 percentage point).
- Change vs. previous year
- -1.2 percentage points
- Largest monthly swing
- November: -2.2 percentage points
ECB Target
Inflation is 2.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 1.3% | +0.6 |
| February | 1.1% | +0.4 |
| March | 0.7% | -0.4 |
| April | 0.0% | -1.6 |
| May | -0.5% | -1.3 |
| June | -0.4% | -1.5 |
| July | -0.5% | -1.1 |
| August | -1.1% | -1.8 |
| September | -1.2% | -2.0 |
| October | -1.4% | -2.1 |
| November | -1.1% | -2.2 |
| December | -0.9% | -2.2 |
| Average | -0.3% |
Data source
Data from OECD. Last updated: 11/01/2026.