FX.co ★ Irish Inflation Eases Slightly to 3.6% in May, Extending Downward Trend

Ireland’s consumer price inflation edged down to 3.6% year-over-year in May 2026, from 3.7% in April, according to data updated on 11 June 2026. The reading, based on the Consumer Price Index (CPI), marks a modest continuation of disinflation as price pressures ease compared with the same month a year earlier.

Both the current and previous figures are calculated on a year-over-year basis, comparing each month with its counterpart a year before. The slight decline from April to May suggests that while inflation remains elevated relative to pre-inflation surge norms, the upward momentum in prices is softening, which may be welcomed by households and businesses watching costs closely.