Ireland’s Harmonised Index of Consumer Prices (HICP) continued to ease in June 2026, with the annual inflation rate edging down to 3.3%, from 3.5% in May 2026. The figures, updated on 30 June 2026, are based on a year-over-year comparison, measuring price changes in June 2026 against June 2025.
The latest reading marks a further moderation in inflationary pressures, as both the current and previous indicators reflect how prices are evolving relative to the same month a year earlier. While inflation remains above the 2% level typically associated with price stability in the euro area, the incremental decline from May to June signals a continuing, if gradual, cooling in Irish consumer price growth on a harmonised basis.
For policymakers and market participants, the June HICP data add to the picture of a slowing, but still positive, inflation environment in Ireland, suggesting that cost pressures are easing without a sudden drop-off in overall price momentum.
