Photograph: iStockInflation in the Irish economy jumped to its highest level in 18 months in September, amid another surge in food prices. However, the annual rate of food price inflation softened somewhat from 5.3 per cent in August, the CSO said. Thomas Pugh, chief economist at accountancy firm RSM Ireland, said the fall-off in annual food price inflation from August was “good news” for households, which “should provide some respite”. The acceleration in food prices over the past year is largely related to higher agricultural output prices. “There are several factors now weighing on inflation; global commodity prices suggest the recent surge in food price inflation is near its peak, and lower energy prices will help drag the headline rate down.

Source: The Irish Times October 09, 2025 19:50 UTC