FX.co ★ Ireland’s HICP Ticks Up in July, Ending Flat Price Stretch

Ireland’s Harmonised Index of Consumer Prices (HICP) inched up by 0.1% month-on-month in July 2026, breaking a brief pause in price growth. The modest rise follows a flat reading of 0.0% in the previous month’s comparison, indicating that consumer prices were stable between May and June.

The latest figure, updated on 13 August 2026, shows that while inflationary pressures remain subdued on a monthly basis, they have not disappeared entirely. The July reading suggests a slight reacceleration in consumer prices compared with the prior month’s stagnation, as measured by the month‑over‑month HICP comparison. Investors and policymakers will be watching subsequent releases closely to see whether this marks the start of a firmer inflation trend or a minor blip in an otherwise stable price environment.