Consumer prices rose by 1.5% year-on-year in January compared to 1% a month earlier, a flash estimate of the Harmonised Index of Consumer Prices from the Central Statistices Office show today – the highest level in five months.
Irish inflation was the lowest in the euro zone in December when consumer prices were 2.4% higher on average year-on-year across the bloc.
Core Irish HICP, which excludes energy and unprocessed food, also rose to 2% in January from 1.6% in December.
Today’s CSO figures show that energy prices are estimated to have grown by 1.2% in the month and decreased by 2.7% over the 12 months to January 2025.
Food prices are estimated to have fallen by 0.7% in the last month and risen by 1.4% in the last 12 months.
Eurostat will publish flash estimates of inflation for the euro zone for January 2025 on February 3.
