FX.co ★ Irish HICP Inflation Cools Sharply to 0.4% in April

Ireland’s Harmonised Index of Consumer Prices (HICP) rose by just 0.4% in April 2026 compared with the previous month, marking a sharp slowdown from March’s 1.8% month‑over‑month increase. The latest reading, updated on 29 April 2026, indicates a notable easing in short‑term price pressures.

The comparison is based on month‑over‑month changes, with April’s 0.4% advance measured against March 2026, while the earlier 1.8% figure reflected the change from February to March. The deceleration suggests that the strong price momentum seen in March did not carry through into April, potentially signaling a more moderate inflation backdrop as the second quarter of 2026 begins.

Market participants and policymakers will be watching subsequent releases closely to determine whether April’s softer HICP gain represents a temporary pullback or the start of a more sustained easing in inflation dynamics in Ireland.