In a noteworthy development, Ireland's Consumer Price Index (CPI) recorded a decline in November 2025, marking a shift towards deflation. The CPI slipped to -0.2% in November from a positive 0.5% in October, as per the latest data update on December 11, 2025.
This month-over-month comparison highlights a significant downturn, as the October figure showed a modest increase when compared to September. The latest data reflects the actual change from October to November, in contrast to October's comparison to the previous month.
Such a shift in economic indicators may raise concerns about potential deflationary pressures in the Irish economy. Analysts will be closely monitoring subsequent months to ascertain if this is a temporary contraction or indicative of a larger trend. The reasons behind the deflation could be multifaceted, including changes in consumer demand, global economic factors, or domestic policy impacts. The coming months will be crucial in determining the implications of this latest economic development for Ireland.
