FX.co ★ Ireland Inflation Rate Reaches 9-Month Peak

In April 2025, Ireland saw its annual inflation rate rise to 2.2%, marking the highest level since July 2024 and up from 2% in March. When excluding energy and unprocessed food, the Consumer Price Index (CPI) increased by 2.6%, the most significant surge in eight months. The largest upticks occurred in the recreation and culture sector, which jumped to 4.2% from 0.2% in March, largely fueled by increased package holiday prices. The food and non-alcoholic beverages category saw a modest increase to 3.4% from 3.3%, while prices in restaurants and hotels rose slightly to 3.3% from 3.2%. The education sector remained steady, showing no change at 2.3%. Conversely, declines were observed in the clothing and footwear sector, which dropped further to -2.6% from -1.9%, and in furnishings, household equipment, and routine household maintenance, which decreased to -0.9% from -0.8%. On a monthly scale, consumer prices went up by 0.4%, primarily attributed to rises in recreation and culture, up to 2.1% from 0.5% in March, and communications, which increased to 1.8% from 0.4%.