According to estimates, the EU Harmonised Index of Consumer Prices

(HIPC) rose by 1.1% in the year that ended in August and has risen by 0.1% since July.

This is the lowest rate since April 2021 and compares to 1.5% in the 12 months leading up to July, when numbers for other euro-using nations were 2.6%.

Ireland's inflation has decreased due to a decrease in energy prices, which dropped by 9.5% in the year ending in August and by 0.6% in the same month.

Food costs have increased, though, by 0.1% this past month and 2% this past year.

With energy and unprocessed food excluded, the HIPC is expected to have increased by 2.3% since August 2023.

The month-to-month change in transport expenses was 0.9%, while the 12-month increase was 4.3% till August 2024.