🇮🇪Ireland inflation rate

Ireland joined the euro at its launch in 1999. Harmonised inflation (HICP) — the EU-wide measure the European Central Bank targets at 2% — stands at 3.5% as of May 2026. That is 1.5 percentage points above the ECB's 2% target, and 0.3 points above the euro-area average of 3.2%.

The breakdown shows core (excluding energy and food) at 2.9%, energy at 11.9%, food at 1.5% and services at 3.7%. The strongest pressure is in energy (11.9%), while food is the softest (1.5%).

Month on month the headline eased from 3.6% to 3.5%, a step down from the month before.