Inflation rates by country and year

-4.4%1.9%8.2%14.5%20.9%
-4.4%1.9%8.2%14.5%20.9%
19600.5%
19923.1%
20252.2%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate2.2%

Behind the curve

Turning points in Ireland

  1. 1973↑ Upward pressure

    The first oil shock — Wikipedia (opens in a new tab)

    Ireland's reliance on imported oil and goods made it vulnerable to the 1973 shock, which raised costs into the mid-1970s.

    Central Bank of Ireland
  2. 1979↑ Upward pressure

    The second oil shock — Wikipedia (opens in a new tab)

    The 1979–80 oil-price surge again lifted Irish import costs and inflation into the early 1980s.

    Central Bank of Ireland
  3. 2008↓ Downward pressure

    The Irish banking crisis — Wikipedia (opens in a new tab)

    The post-2008 banking and property crash pushed Ireland into deflation as demand collapsed.

    Central Bank of Ireland
  4. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher energy and food prices pushed Irish inflation to multi-year highs in 2022.

    Central Bank of Ireland

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Ireland?

The annual inflation rate in Ireland was 2.2% in 2025, the most recent year in the World Bank dataset. That means prices rose 2.2% on average compared with the year before. Use the chart above to explore Ireland's full inflation history from 1960 to 2025, and to compare it with any other country.

How inflation in Ireland has changed

Inflation in Ireland peaked at 20.9% in 1975 and reached its lowest point at -4.4% in 2009. Averaged across the 66 years of available data (1960–2025), the rate has been 5.2% per year.

Frequently asked questions about inflation in Ireland

What is the current inflation rate in Ireland?

The latest available annual figure is 2.2% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Ireland's statistical office.

What was the highest inflation rate in Ireland?

The highest annual inflation rate on record is 20.9%, reached in 1975.

What was the lowest inflation rate in Ireland?

The lowest annual inflation rate on record is -4.4%, recorded in 2009.

Where does the inflation data for Ireland come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.