Ireland inflation rate (HICP)
Annual rate of the Harmonised Index of Consumer Prices for Ireland, the measure used by the European Central Bank.
HICP annual rate
3.8%
Data for: September 2026(estimate)
Previous: 3.4% (August 2026)
What it is
The HICP is calculated with the same method in every EU country, so Irish inflation can be compared with the euro area. The Central Statistics Office also publishes the national CPI, which includes mortgage interest and can differ.
Why it matters
Euro area inflation guides the ECB’s interest rates, which set the cost of Irish tracker and variable mortgages. The HICP also shows whether Irish prices rise faster than in the rest of the euro area.
Recent history
| Date | HICP annual rate |
|---|---|
| September 2026(estimate) | 3.8% |
| August 2026 | 3.4% |
| July 2026 | 3.1% |
| June 2026 | 3.2% |
| May 2026 | 3.5% |
| April 2026 | 3.6% |
| March 2026 | 3.6% |
| February 2026 | 2.5% |
| January 2026 | 2.5% |
| December 2025 | 2.7% |
| November 2025 | 3.1% |
| October 2025 | 2.8% |
| September 2025 | 2.7% |
| August 2025 | 1.9% |
| July 2025 | 1.6% |
| June 2025 | 1.6% |
| May 2025 | 1.4% |
| April 2025 | 2.1% |
| March 2025 | 1.8% |
| February 2025 | 1.5% |
| January 2025 | 1.7% |
| December 2024 | 1.0% |
| November 2024 | 0.5% |
| October 2024 | 0.2% |
Values marked "estimate" are Eurostat flash estimates and may be revised.
How to read
Latest: 3.8%
Where it comes from
Eurostat, HICP, annual rate of change, all items (prc_hicp_minr)
Careful
Information, not advice
What to do
Compare with the related indicators
Reading the ireland inflation rate (hicp) figure
What the latest ireland inflation rate (hicp) reading says
The most recent value on this page is 3.8%, for September 2026, still an estimate from the source. Against the previous reading of 3.4%, that is +0.4% — a move up. Monthly, with a flash estimate at the end of the month is how often Eurostat, HICP, annual rate of change, all items (prc_hicp_minr) publishes it, so a single reading is a snapshot and not a trend. The 24 observations in the table above, from October 2024 onwards, are what gives the figure context.
Where the ireland inflation rate (hicp) figure sits in its own history
Across the 24 readings loaded here, the series moved between 0.2% and 3.8%. The latest value is the highest of that window, which is the kind of reading worth checking against a longer history before calling it a record. A window this short cannot show a cycle. It shows the direction of travel and the size of the usual swing, which is enough to tell a normal move from an unusual one, and no more than that.
Who sets the ireland inflation rate (hicp) and who it affects in Ireland
Eurostat, HICP, annual rate of change, all items (prc_hicp_minr) publishes the ireland inflation rate (hicp) series, and the page links the exact dataset and its licence below. Nothing here is a second-hand copy: the figure above is read from that source and shown with the date the source gave it. People reach this page searching for "inflation rate ireland", and the honest answer is the published figure plus its date. A national figure is an average: your own rate, bill or salary in Ireland will sit above or below it.
Glossary
Policy rate
The interest rate a central bank sets to steer the economy, and the floor under most other rates in that currency. It moves only when the rate-setting committee decides, so its history is a series of steps rather than a continuous line.
Year-on-year inflation
The change in a price index against the same month a year earlier. It can fall while prices are still rising, because it measures the speed of the increase, not the level of prices.
Basis point
One hundredth of a percentage point. Central banks and markets talk in basis points because "a 0.25 point cut" and "a 25 basis point cut" are the same thing, and the second wording leaves no room for doubt.
Real rate
An interest rate after inflation is taken out, roughly the quoted rate minus the inflation rate. A savings account paying less than inflation has a negative real rate, which means the money loses purchasing power.
Revision
A later correction of a published figure, as the statistics office receives more complete data. Values marked provisional or estimated are the ones most likely to change, which is why the page keeps the source flag.
National average
A figure averaged over a whole country, and therefore not a quote for you. Your own mortgage rate, salary or grocery bill depends on your region, your lender or your shop and will sit above or below the average.
Yield
The annual return an investor earns by lending money through a bond, expressed as a percentage of its price. Price and yield move in opposite directions: when a bond gets cheaper, its yield rises.
Update frequency: Monthly, with a flash estimate at the end of the month
Information only, not financial advice. Figures come from the official source shown and may be revised.