Irish inflation rose above the European Central Bank's 2% target again in December, with transport costs adding to rising price levels. New figures released by the Central Statistics Office (CSO) on Tuesday found that inflation, when calculated using the EU Harmonised Index of Consumer Prices (HICP) was 2.7% in the 12 months to December 2025. Among the components of the flash inflation figures, energy prices are estimated to have fallen by 0.3% in the month, but rose by 2.4% since December 2024. Core inflation, with strips out volatile items such as energy and food, is estimated to have risen by 2.6%, the CSO added. The consumer price index (CPI) is the official measure of inflation in Ireland, while the HICP is an index of consumer prices that has been harmonised to allow for comparisons across euro area countries.

Source: Irish Examiner January 06, 2026 12:51 UTC