FX.co ★ Irish Inflation Hits Almost 2-Year High

The Harmonised Index of Consumer Prices (HICP) in Ireland climbed by 3.2% year-on-year in November 2025, up from 2.8% in October, according to preliminary data. This represents the highest figure since December 2023, largely attributed to the rising costs of energy and food. Energy prices increased by 3.3%, while food products went up by 4.2%. Excluding energy and unprocessed food, the HICP rose by 3.0%, showing the persistence of underlying inflationary pressures. On a month-to-month basis, harmonized consumer prices dropped by 0.2% in November, following a 0.4% rise in October.