FX.co ★ Irish Inflation Momentum Cools in July as CPI Growth Slows to 0.1% MoM

Ireland’s consumer price growth eased in July 2026, with the month-over-month Consumer Price Index (CPI) rising by 0.1%, down from a 0.3% increase in June. The latest figures, updated on 13 August 2026, suggest a moderation in short-term inflationary pressures in the Irish economy.

On a month-over-month basis, the July reading indicates that prices are still edging higher, but at a slower pace than in the previous month. In June 2026, the 0.3% gain had reflected a more pronounced rise compared with May. The July deceleration implies that the upward momentum in prices has softened as the summer progressed.

This comparison, based purely on sequential monthly changes, highlights a cooling pattern rather than an outright reversal in inflation. While prices continue to increase, the reduced pace may ease some immediate pressure on households and policymakers, who closely monitor month-to-month movements as an early signal of shifting inflation trends in Ireland.