Ireland’s Inflation Cools to 1.4% in May

2025-06-12 12:04 By Dongting Liu 1 min. read

The EU-standard Harmonized Index of Consumer Prices in Ireland rose 1.4% year-on-year in May 2025, confirming preliminary estimates and easing from 2.0% in April.

This marked the lowest inflation rate in three months, mainly driven by a price decline in transport (-2.4% vs 2.1% in April), as well as slower price increases in recreation and culture (2.4% vs 4.2%) and restaurants and hotels (2.8% vs 3.3%).

Conversely, this deceleration was partially offset by faster price growth in food and non-alcoholic beverages (4.0% vs 3.2%) and alcoholic beverages, tobacco and narcotics (3.0% vs 2.3%).

On a monthly basis, harmonized consumer prices were flat in May, following a 0.4% increase the previous month.



News Stream
Ireland Harmonised Inflation Hits 3-Year High
The EU-harmonised consumer price inflation rate (HICP) in Ireland increased to 4.2% year-on-year in October 2026 from 3.8% in September, marking its highest level since September 2023 and coming in slightly above the preliminary estimate of 4.0%. The acceleration was driven by faster price growth in housing and utilities (10.9% vs 9.5%), transport (9.6% vs 7.9%), food and non-alcoholic beverages (0.9% vs 0.3%), alcoholic beverages, tobacco and narcotics (4.5% vs 2.7%), clothing and footwear (4.5% vs 3.4%), furnishings, household equipment and routine household maintenance (1.2% vs 0.4%), information and communication (2.0% vs 1.5%), and personal care, social protection and miscellaneous goods and services (3.4% vs 1.8%). On a monthly basis, harmonised consumer prices in Ireland rose 0.7% in October 2026, up from 0.2% in September and above the preliminary estimate of a 0.5% gain, marking the highest monthly increase since March.
2026-11-11
Ireland Harmonised Inflation Highest Since 2023
The EU-harmonised consumer price inflation rate (HICP) in Ireland increased to 4.0% year-on-year in October 2026 from 3.9% in September, marking its highest level since September 2023, according to preliminary estimates. The acceleration was primarily driven by energy prices which rose by 18.3%, compared with 15.3% in the previous month. In contrast, food inflation eased to 0.1% from 0.3%, while services inflation moderated to 3.5% from 4.1%. Excluding energy and unprocessed food also slowed to 2.5% from 2.8%. On a monthly basis, harmonised consumer prices increased by 0.5% in October from 0.2% in September.
2026-11-03
Ireland Harmonised Inflation Climbs to 3-Year High
The EU-standard harmonised inflation rate (HICP) in Ireland rose to 3.9% year-on-year in September 2026, accelerating from 3.4% in the previous month, according to preliminary estimates. This marked the highest reading since September 2023, mainly driven by strong gains in energy prices, which jumped 15.3% after an 11.8% advance in August. Moreover, services inflation increased to 4.1% from 3.7%, while food prices rose slightly to 0.3% from 0.1%. Meanwhile, inflation in non-energy industrial goods eased to 0.9% from 1.3% a month earlier. Excluding energy and unprocessed food, harmonised inflation rose to 2.8% from 2.6%. On a monthly basis, harmonised consumer prices increased by 0.2%, following a 0.6% rise in the preceding period.
2026-10-01