Inflation static but energy prices up 1.5% since June
Inflation rose to 1.6 per cent in the 12 months to the end of July, the latest flash estimate for EU Harmonised Index of Consumer Prices (HICP) for Ireland from the Central Statistics Office (CSO) shows.
Consumer prices increased 0.2 percentage points from June, but the rate of HICP inflation was unchanged month-on-month.
HICP inflation in Ireland was also lower than in the wider eurozone, where consumer prices rose two per cent over the past year.
Energy prices are estimated to have increased 1.5 per cent since last month, while falling 0.3 per cent in the last 12 months. Meanwhile, food prices were up 0.2 per cent for the month and 4.6 per cent year-on-year.
Excluding energy and unprocessed food prices, prices rose 1.7 per cent since last July.
“The latest Flash Estimate of the Harmonised Index of Consumer Prices (HICP), compiled by the CSO, indicates that prices for consumer goods and services in Ireland are estimated to have increased by 1.6 per cent in the past year," said Anthony Dawson, statistician in the prices division of the CSO.
"Looking at the components of the flash HICP in Ireland for July 2025, energy prices are estimated to have increased by 1.5 per cent in the month and decreased by 0.3 per cent since July 2024. The HICP excluding energy and unprocessed food prices, is estimated to have grown by 1.7 per cent since July 2024.
HICP inflation in Ireland was unchanged at 1.6 per cent in July
"Food prices are estimated to have risen by 0.2 per cent in the last month and risen by 4.6 per cent in the last 12 months. Transport costs have grown by 1.2 per cent in the month and declined by 2.7 per cent in the 12 months to July 2025."
Eurostat will publish flash estimates for eurozone HICP inflation on Friday (August 1).
(Pic: Getty Images)
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