FX.co ★ Irish Inflation Eases to 3.4% in June, Extending Gradual Cooling Trend

Ireland’s consumer price inflation eased slightly in June 2026, with the Consumer Price Index (CPI) rising 3.4% year-over-year, down from 3.6% in May 2026. The latest figures, updated on 9 July 2026, point to a modest but ongoing cooling in price pressures across the Irish economy.

Both the current and previous readings compare prices in each month with the same month a year earlier, underscoring a gradual deceleration in annual inflation rather than a sharp reversal. While inflation remains above the low levels seen before recent global price shocks, the June data suggest Ireland is moving further away from the peak rates experienced earlier in the inflation cycle.

The marginal slowdown may ease some pressure on households and businesses, but it also keeps inflation firmly in focus for policymakers and markets, which are closely monitoring whether this downward trend can be sustained in the coming months.