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Prices

-13%
The price decrease of an 800g brown sliced pan between 2009 and 2019

This chapter contains annual averages from the monthly Consumer Price Index and the Wholesale Price Index reports. We have also included data on the National Average Price (NAP) for some of the items in the CPI basket of goods and services.

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The Consumer Price Index (CPI) is designed to measure the change in the average level of prices of goods and services bought for the purpose of consumption by all private and institutional households in Ireland and by foreign tourists while on holiday in Ireland. 

GoodsServicesAll Items
2002106.36782.4
2003108.570.285.2
2004109.572.687.1
2005110.375.489.2
2006111.780.192.7
2007112.986.897.3
2008116.291.1101.2
2009111.186.996.7
2010108.78795.8
2011110.190.298.3
2012111.59299.9
2013110.493.6100.4
2014108.195.5100.6
2015104.197.7100.3
201610199.9100.3
201798.9102100.7
201898.2103.4101.2
201997.1105.9102.1

Figure 20.1 shows the annual average indices (Base: Dec 2016=100) for All Items, Goods and Services for the period 2002 to 2019. Over the period 2002 to 2019, the CPI All Items increased by 23.9%. During this period, the cost of Services increased by 58.1% and the rate for Goods decreased by 8.7%. 

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Every month, the CSO publishes a national average price (NAP) for some of the items in the CPI basket of goods and services.  Figures 20.2 and 20.3 show the annual national average prices for some of these items for the period 2009 to 2019. 

20092010201120122013201420152016201720182019
Potatoes 2.5KG3.374333333333333.263253.1833.387253.8313.0722.9453.1573.181753.308166666666673.64
Brown sliced pan 800g1.6781.650166666666671.7151.523251.547751.5171.354583333333331.357751.390333333333331.395751.46
Milk - full fat 2 litres1.908251.795166666666671.8261.772251.801833333333331.7451.720583333333331.705416666666671.694751.698751.69
Stout draught - bar 1 pt4.093166666666673.956333333333333.9523.99554.183666666666674.2984.3084.331583333333334.432333333333334.5494.65
Petrol unleaded 1 litre1.116666666666671.314251.4941.631416666666671.581251.5251.3691.280583333333331.363916666666671.431916666666671.42
Diesel 1 litre1.0281.231666666666671.431.562333333333331.505751.4481.260166666666671.1461.249916666666671.335333333333331.33533333333333

It can be seen from Figure 20.2 that in the ten-year period from 2009 to 2019, the national average price for unleaded petrol increased by 26.8%, from €1.12 to €1.42 per litre, peaking in 2012 at €1.63 per litre. The corresponding national average price for diesel increased by 30.1%, from €1.03 to €1.34 per litre, also peaking in 2012 at €1.56 per litre. In the period 2009 to 2019, the lowest national average price for both unleaded petrol and diesel in Ireland was in 2009 when they cost on average €1.12 and €1.03 per litre respectively.

The average price for two litres of full fat milk has decreased from €1.91 in 2009 to €1.69 in 2019, a fall of 11.5%.
The average price of the humble potato increased by 8.0% between 2009 and 2019 from €3.37 to €3.64 for a 2.5 kg bag. Potato prices peaked at €3.83 in 2013 and were at their lowest at €2.95 in 2015.

Interactive table: Statbank CPM12

Link to release: Consumer Price Index

20092010201120122013201420152016201720182019
Roast Beef - topside/rib 1KG10.7697510.50911.02211.838416666666712.817083333333312.94113.046108333333313.294333333333313.256083333333313.497514.11
Cod Fillets 1KG16.724833333333315.625666666666716.11616.12215.707583333333316.09915.948583333333315.955515.998333333333316.101666666666716.24
Cheddar cheese 1 KG11.8712511.4022511.57311.120511.012916666666710.98410.4962510.280759.881916666666679.829259.84
Whiskey - take home bottle 70cl25.259833333333322.644666666666722.05221.505583333333323.625333333333324.84524.9297525.281333333333324.745524.583916666666724.08
Gent's dry cut12.9247512.716666666666712.27511.921666666666711.765666666666711.84611.856511.937166666666712.11512.679416666666713.69
Cigarettes - filtered 20 pk8.246258.417416666666678.5269.072759.330259.63110.092916666666710.767666666666711.431333333333312.106833333333312.87

Figure 20.3 shows that the national average price of a 20 pack of cigarettes has steadily increased from €8.25 in 2009 to €12.87 in 2019.

The cost of men's dry haircut has remained relatively stable over the decade, costing €12.92 in 2009 compared to €13.69 in 2019.

Interactive table: Statbank CPM12

Link to release: Consumer Price Index

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