Annual Inflation Visualization (Ireland)

Source: World Bank (1961-2023)

5.56% Historical average
21.02% Maximum recorded
-4.62% Minimum recorded
63 Years of data

Historical Inflation Calculator for Ireland

Calculate how the value of money has changed between two specific years in Ireland.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Ireland

Year Inflation (%) Change
2023 3.62% -3.14pp
2022 6.76% +5.66pp
2021 1.10% +3.02pp
2020 -1.92% -5.32pp
2019 3.39% +2.47pp
2018 0.92% -0.58pp
2017 1.50% +1.38pp
2016 0.12% -8.79pp
2015 8.91% +8.65pp
2014 0.26% -1.08pp
2013 1.34% -1.10pp
2012 2.44% +0.57pp
2011 1.86% +4.72pp
2010 -2.86% +1.77pp
2009 -4.62% -4.12pp
2008 -0.50% -1.70pp
2007 1.20% -2.22pp
2006 3.42% +0.35pp
2005 3.07% +2.56pp
2004 0.52% -3.40pp
2003 3.91% -1.28pp
2002 5.19% -1.67pp
2001 6.86% -0.02pp
2000 6.88% +2.50pp
1999 4.38% -2.18pp
1998 6.55% +2.62pp
1997 3.93% +1.64pp
1996 2.29% -0.74pp
1995 3.03% +1.34pp
1994 1.69% -3.48pp
1993 5.18% +2.36pp
1992 2.81% +1.01pp
1991 1.80% +2.53pp
1990 -0.73% -6.25pp
1989 5.52% +2.28pp
1988 3.25% +1.05pp
1987 2.20% -4.35pp
1986 6.55% +1.36pp
1985 5.19% -1.19pp
1984 6.38% -4.33pp
1983 10.71% -4.47pp
1982 15.18% -2.26pp
1981 17.44% +2.74pp
1980 14.70% +1.03pp
1979 13.68% +3.15pp
1978 10.53% -2.74pp
1977 13.27% -7.75pp
1976 21.02% +0.89pp
1975 20.13% +14.05pp
1974 6.09% -9.19pp
1973 15.27% +1.89pp
1972 13.39% +2.85pp
1971 10.54% +0.81pp
1970 9.73% +0.62pp
1969 9.11% +4.87pp
1968 4.24% +0.99pp
1967 3.24% -1.20pp
1966 4.44% -0.01pp
1965 4.45% -5.21pp
1964 9.66% +6.99pp
1963 2.67% -2.21pp
1962 4.88% +2.36pp
1961 2.52% -

About Ireland inflation

Ireland inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Ireland inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Ireland inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Ireland?
According to the latest available World Bank data, Ireland inflation in 2023 was 3.62%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Ireland?
To calculate cumulative inflation in Ireland, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Ireland?
You can check Ireland's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1961 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Ireland.
What is the historical average inflation in Ireland?
The historical average inflation in Ireland can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1961-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Ireland inflation data is based on the official CPI.