The EU Harmonised Index of Consumer Prices (HICP) for Ireland is estimated to have increased by 4.6% in the 12 months to July 2023 and increased by 0.2% since June 2023.
This comes as the Central Statistics Office (CSO) has published the flash estimates of inflation from the EU HICP for Ireland for July 2023.
This compares with HICP inflation of 4.8% for Ireland in the 12 months to June 2023 and an annual increase of 5.5% in the HICP for the Eurozone in the same period.
Looking at the components of the flash HICP for Ireland in July 2023, energy prices are estimated to have increased by 0.2% in the month and decreased by 1.3% over the 12 months to July 2023.
Food prices are estimated to have risen by 0.2% in the last month and increased by 8.6% in the last 12 months.
The HICP excluding energy and unprocessed food is estimated to have risen by 5% since July 2022.
The CPI is the official measure of inflation for Ireland and is published monthly by the CSO. The CPI release for July 2023 will be published on 10 August 2023 and the final results of the HICP for Ireland for July 2023 will be published as part of the CPI release. The HICP is an index of consumer prices that has been harmonised to allow comparisons across Eurozone countries.