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Inflation Rate Trends and Forecast for Ireland from 1990 to 2029

Inflation Rate Trends and Forecast for Ireland from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Ireland from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Ireland
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Ireland's inflation has been generally low, with a notable surge to 5.3% in 2000 during a period of rapid economic expansion known as the Celtic Tiger era. The 2008 financial crisis brought deflation, with rates dropping to -1.7% in 2009. Economic recovery saw modest inflation levels in the following years.

In 2022, inflation rose sharply to 8.0%, driven by energy price hikes and supply chain constraints. Projections suggest stabilization at 2.0% by 2025, reflecting Ireland's alignment with European Central Bank targets and economic resilience.

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