🇮🇪Ireland inflation rate
released 19 Aug 2026 · data through July 2026 · next release expected 31 Aug 2026
Ireland joined the euro at its launch in 1999. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 3.1% as of July 2026. That is 1.1 percentage points above the ECB's 2% target, and 0.1 points above the eurozone average of 3.0%.
The breakdown shows core (excluding energy and food) at 3.1%, energy at 6.9%, food at 1.0% and services at 3.7%. The strongest pressure is in energy (6.9%), while food is the softest (1.0%).
Month on month the headline eased from 3.2% to 3.1%, a step down from the month before.
Ireland ranks number 11 of 30 European economies by annual inflation, from highest to lowest, between Slovakia and Poland.
Ireland's harmonised inflation is 3.1% as of July 2026 — abovethe European Central Bank's 2% target by 1.1 percentage points.
Compare with the rest of Europe on the European inflation ranking →
Frequently asked questions
- What is Ireland's current inflation rate?
- Ireland's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 3.1% as of July 2026.
- Is Ireland's inflation above or below the ECB's 2% target?
- At 3.1%, it is 1.1 percentage points above the European Central Bank's 2% target.
- How does Ireland's inflation compare with the rest of Europe?
- Ireland ranks number 11 of 30 European economies by inflation, 0.1 points above the eurozone average of 3.0%.
- Did Ireland's inflation rise or fall last month?
- Month on month, the headline rate eased from 3.2% to 3.1% in July 2026.