The EU Harmonised Index of Consumer Prices (HICP) for Ireland increased by 1.5 percent over the 12 months leading up to July and saw a 0.2 percent rise from the previous month.


This rate is consistent with the annual HICP inflation recorded for the year ending in June and compares to a 2.5 percent increase across the eurozone for the same period.


Energy prices remained unchanged last month but decreased by 5.8 percent over the past year.


Food prices also stayed flat month-on-month but rose by 1.9 percent over the last 12 months.


The HICP, excluding energy and unprocessed food, has risen by 2.3 percent since July 2023. This index is designed to allow for price comparisons across eurozone countries and differs from the Consumer Price Index (CPI), which is Ireland’s official measure of inflation.


The latest CPI data, released earlier this month, indicate a 2.2 percent increase over the 12 months to June, down from a 2.6 percent annual increase recorded in May.