Ireland’s Harmonized Index of Consumer Prices (HICP) rose by 3.2% year-on-year in November 2025, accelerating from 2.8% in the previous month, according to preliminary estimates. This marked the highest reading since December 2023, mainly driven by higher costs of energy, rising 3.3%, and food products, increasing 4.2%. Excluding energy and unprocessed food, the HICP rose by 3.0%, indicating continued underlying inflation pressures. On a monthly basis, harmonized consumer prices fell by 0.2% in November, reversing the 0.4% increase recorded in October.
