Inflation as measured by the HICP had fallen to almost zero at the end of last year on the back of falling energy prices. Photograph: Niall Carson/PA WireInflation in the Irish economy remained elevated at 2.7 per cent in October with increases in energy and food prices the main drivers, putting a renewed strain on households. The latest flash estimate for the harmonised index of consumer prices (HICP) put the annualised rate of price growth at 2.7 per cent, unchanged from the previous month. A breakdown of the components indicate energy prices here grew by 2 per cent in October and were up by 2.7 per cent on a 12-month basis. Inflation as measured by the HICP had fallen to almost zero at the end of last year on the back of falling energy prices.

Source: The Irish Times October 30, 2025 21:36 UTC