Economy

Inflation in Ireland

Official CPI from the Central Statistics Office, the consumer basket behind it, high-frequency price proxies, and the macro forces that shape Irish inflation — in one civic dashboard.

Latest headline CPI: +3.7% year-on-year.

Explore all measures — mix this subject with others.

Headline inflation

Official consumer price inflation for Ireland — what households paid this month versus a year ago, and the underlying rate excluding energy and unprocessed food.

Headline CPI YoY

+3.7%

Aug 2026MoM +0.7%Elevated · ECB target 2.0%

Source: CSO PxStat CPM20 · published monthly

Core CPI YoY

—

Excl. energy & unprocessed food

12-month CPI trajectory

Prices in Ireland are currently rising faster than the European Central Bank's 2.0% price-stability target, with stronger pressures in housing & utilities and transport, while food inflation is more contained.

Basket breakdown

How the CPI basket is weighted across spending categories, and which components inside a category are rising fastest. Tile size is weight; colour is year-on-year change.

Restaurants & hotels

20%

Restaurants & hotels
Housing & utilities
Food & non-alc. bev.
Transport
Recreation & culture
Other

Viewing: Restaurants & hotels (+3.4% YoY · 20.0% weight)

Tile size = weight · colour = YoY inflation

Live high-frequency proxies

Wholesale and global signals that often move before official CPI. Dashed lines are matching sector rates — not forecasts.

Wholesale electricity

SEMOpx day-ahead · EUR/MWh

104.7 €/MWh

Typically feeds Energy CPI with a 6–10 week lag.

Average pump prices

AA Ireland · EUR/L (petrol/diesel mean)

€1.905/L

WoW +1.3%

Pump prices tend to show up later in Transport CPI.

Global food index

FAO Food Price Index

133.3

MoM +1.9%

Global food prices often lead Food CPI by 3–6 months.

Macroeconomic engines

Policy rates, wages and domestic demand against Irish CPI since 2021. Quarterly MDD is not interpolated to months.

ECB main refinancing rate vs mortgage interest CPI

When the ECB raises or cuts its main refinancing rate, Irish mortgage interest in the CPI tends to follow with a lag — not always one-for-one.

Wage growth vs headline CPI

Earnings growth above CPI means real wages are rising on average; the reverse erodes purchasing power. Series is calculated from CSO weekly earnings (DEA05).

Modified Domestic Demand vs headline CPI

Modified Domestic Demand tracks underlying domestic spending. Strong demand can coexist with high or low inflation depending on supply and imported costs.

Methodology & disclosures

Headline and core CPI are official CSO observations (CPM20 / CPM21). Basket weights are CPA10; detailed component rates are CPM24. Observed values are never overwritten by proxies or calculated series.

Wholesale electricity (SEMOpx), AA pump prices and the FAO Food Price Index are proxies — high-frequency context, not the next CPI release. AA figures may come from a live scrape or a human-checked fixture when the AA site blocks automation.

Wage growth is a calculated year-on-year change from DEA05 weekly earnings (method wage.yoy.v1). Modified Domestic Demand is quarterly (NAQ05) and is not interpolated to months.

Definitions and sources: Methodology · Headline CPI.

More measures

Unemployment, earnings, tourism and in-category inflation series for chart compare. Inflation editorial above is the default doorway.

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