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Ireland Sees 1% Drop in Consumer Prices Amid Rising Food Costs

1/31/2026

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Summary

Story summary

Ireland's consumer prices fell 1% from December to January, per the EU Harmonised Index of Consumer Prices (HICP).
Energy prices fell 0.8%, while food prices rose 0.2% month-on-month and 3.9% year-on-year.
Overall inflation rose 2.6% over the past year.
The Central Statistics Office (CSO) notes food prices are rising faster than overall inflation, with unprocessed foods up 5.8% annually.

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Story summary

Ireland's consumer prices fell 1% from December to January, per the EU Harmonised Index of Consumer Prices (HICP).
Energy prices fell 0.8%, while food prices rose 0.2% month-on-month and 3.9% year-on-year.
Overall inflation rose 2.6% over the past year.
The Central Statistics Office (CSO) notes food prices are rising faster than overall inflation, with unprocessed foods up 5.8% annually.