Irish Inflation Hits Almost 2-Year High

Ireland’s Harmonized Index of Consumer Prices (HICP) rose by 3.2% year-on-year in November 2025, accelerating from 2.8% in the previous month, according to preliminary estimates. This marked the highest reading since December 2023, mainly driven by higher costs of energy, rising 3.3%, and food products, increasing 4.2%. Excluding energy and unprocessed food, the HICP rose by 3.0%, indicating continued underlying inflation pressures. On a monthly basis, harmonized consumer prices fell by 0.2% in November, reversing the 0.4% increase recorded in October.

Ireland’s Harmonised Index of Consumer Prices (HICP) rose 2.7% year-on-year in October 2025, holding at its highest level since January 2024 and well above the ECB’s 2% target, according to a preliminary estimate. Energy prices increased 2.7%, while food prices surged 4.6%. Excluding energy and unprocessed food, the HICP rose 2.6%.

The EU-standard harmonized index of consumer prices (HICP) in Ireland rose by 2.7% year-on-year in September 2025, the fastest pace since January 2024, accelerating from 1.9% in the previous month, according to preliminary estimates. The increase was largely driven by a 4.7% annual rise in food prices and a 1.0% gain in energy costs. Meanwhile, core HICP—which excludes volatile components such as energy and unprocessed food— also accelerated to 2.7% from 1.9% in August. On a monthly basis, harmonized consumer prices edged down 0.2% in September, the first decline in eight months, reversing a 0.4% increase in August.