FX.co ★ Ireland’s HICP Turns Positive in June, Snapping May Decline

Ireland’s Harmonised Index of Consumer Prices (HICP) moved back into positive territory in June 2026, rising 0.3% month-over-month after a 0.2% decline in May. The fresh data, updated on 30 June 2026, mark a clear turnaround from the previous month’s negative reading.

On a month-over-month basis, the “actual” June figure of 0.3% is measured against May, when prices fell by 0.2% compared with April. This shift from negative to positive monthly inflation suggests a modest re-acceleration in consumer prices after a brief period of decline.

The HICP, which is harmonised across the EU to allow cross-country comparisons, is closely watched by markets and policymakers as a gauge of price dynamics in Ireland and the wider euro area. The June upturn will likely feed into assessments of how persistent inflation pressures remain following May’s short-lived dip.