FX.co ★ Irish HICP Inflation Holds Steady at 3.5% Year-on-Year in May

Ireland’s Harmonised Index of Consumer Prices (HICP) remained unchanged in May, with inflation holding at 3.5% year-on-year, according to data updated on 11 June 2026. The annual rate matches the previous reading of 3.5%, also recorded for May 2026 on a year-over-year basis.

The stability in the HICP indicates that, on a European harmonised basis, consumer price pressures in Ireland neither intensified nor eased compared with the prior reported period. The year-over-year comparison reflects changes in prices relative to the same month a year earlier, while the “previous” figure measures the annual change based on the prior month’s data versus its level a year ago. With both readings aligned at 3.5%, the latest figures suggest a steady inflation backdrop for Ireland heading into the summer period.