Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Inflation in Ireland - Statistics & Facts
Along with several other countries, the Republic of Ireland is recently emerging from a period of very high inflation. In the space of two years the inflation rate in Ireland increased from -1.5 percent in October 2020 to 9.2 percent in October 2022. For the year as a whole, the annual inflation rate in 2022 was over eight percent, by far the highest rate of inflation for several years. Since 2022, however, Ireland's inflation rate has returned to more usual levels. In May 2024, Ireland's overall inflation rate stood at 2.6 percent while for the year as a whole, the inflation rate is expected to average out at around 2.4 percent, and stabilize at around two percent in the coming years.
