Pearse Doherty
Question:219. Deputy Pearse Doherty asked the Minister for Finance the level of inflation in each of the years from 2016 to 2021. [17190/22]
View answerThursday, 31 March 2022
Questions (219)
Written answers
Both the Consumer Price Index (CPI) and the Harmonised Indices of Consumer Prices (HICP) are used to measure consumer price inflation in Ireland. The HICP however is a harmonised measure and is used for comparison across EU Member States. The two series are broadly consistent, though small differences arise due to the slightly different composition of each price basket, the main difference being the inclusion of mortgage interest in the CPI basket.
The below table, the data for which are also publicly available from the CSO, shows the annual rate of CPI and HICP inflation over the period 2016-2021.
|
Annual inflation rate |
CPI |
HICP |
|
2016 |
0.0 |
-0.2 |
|
2017 |
0.4 |
0.3 |
|
2018 |
0.5 |
0.7 |
|
2019 |
0.9 |
0.9 |
|
2020 |
-0.3 |
-0.5 |
|
2021 |
2.4 |
2.5 |