Ireland Harmonised Inflation at 2023-Highs

EthereumCraftsman · 2026-03-30T11:25:55+00:00

In March 2026, Ireland's HICP rose by 3.6% year-on-year, driven by a 12.3% increase in energy prices due to geopolitical tensions. Food prices rose by 2.3%, and services by 3.3%, while harmonised inflation excluding energy and food increased to 2.6%.

EthereumCraftsman

2026-03-30 11:25:55

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The EU-standard harmonized index of consumer prices (HICP) in Ireland rose by 3.6% year-on-year in March 2026, accelerating from 2.5% in February, according to preliminary estimates. This marks the highest reading since October 2023, as energy prices surged by 12.3%, up from an increase of 0.1% in the previous month, influenced by geopolitical tensions in the Middle East. The Central Statistical Office notes that these prices were collected before government measures on energy costs were introduced, which include a cut to fuel excise duty. Food prices are estimated to rise by 2.3% and services by 3.3%. Excluding energy and unprocessed food, harmonised inflation is estimated to have risen to 2.6%, up from 2.4% in February.

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