Economy June 11, 2026 06:18 AM

Ireland's annual inflation eases to 3.6% in May as monthly CPI slips

Consumer prices rise year-on-year at a slightly slower pace while monthly indices reverse April gains

By Maya Rios
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Ireland's annual consumer price inflation cooled to 3.6% in May from 3.7% in April, the Central Statistics Office reported. On a monthly basis the Consumer Price Index fell 0.1%, reversing April's 0.5% increase. Education services and clothing and footwear recorded the largest annual price gains. The Harmonised Index of Consumer Prices, which enables EU comparisons, rose 3.5% year-on-year and declined 0.2% month-on-month.

Ireland's annual inflation eases to 3.6% in May as monthly CPI slips
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Key Points

  • Headline annual inflation eased to 3.6% in May from 3.7% in April, indicating a small slowdown in year-on-year consumer price growth.
  • Monthly CPI fell 0.1% in May, reversing the prior month's 0.5% rise; the Harmonised Index of Consumer Prices - used for EU comparisons - rose 3.5% year-on-year and declined 0.2% month-on-month.
  • Education services (up 8.9% year-on-year) and clothing and footwear (up 7.4% year-on-year) were the categories with the largest annual price increases, highlighting pressure in those sectors.

Ireland's headline annual inflation rate moderated to 3.6% in May from a 3.7% reading in April, according to data released by the Central Statistics Office on Thursday. The April figure had represented a two-year high for Irish inflation.

Measured month to month, the Consumer Price Index (CPI) fell by 0.1% in May, reversing the 0.5% increase recorded in April. That monthly retreat contrasts with the prior month's upward movement and indicates short-term volatility in the monthly CPI series.

By category, education services showed the largest annual increase, rising 8.9% year-on-year. Prices for clothing and footwear also recorded a notable annual gain, up 7.4% compared with the same month a year earlier. Those sector-specific movements stand out among the components reported by the statistics office.

The Harmonised Index of Consumer Prices (HICP) - the measure designed to allow comparisons across European Union member states - increased 3.5% on an annual basis in May, down from 3.6% in April. On a monthly basis the HICP decreased 0.2% in May, after a 0.5% monthly rise in the previous month.

These figures show a slight easing in headline annual inflation and a small monthly decline in both the CPI and the HICP, while certain service and goods categories continue to record stronger year-on-year price gains. The data provide a snapshot of recent movement in consumer prices as compiled by the Central Statistics Office.


Key details at a glance

  • Annual CPI: 3.6% in May, down from 3.7% in April.
  • Monthly CPI: -0.1% in May, reversing April's +0.5%.
  • Largest annual increases by category: education services +8.9%, clothing and footwear +7.4%.
  • HICP (EU-comparable): +3.5% year-on-year, -0.2% month-on-month in May.

Where the data are limited, the statistics release itself is the sole source for the numbers and category breakdowns cited here. No additional information beyond the published figures has been introduced.

Risks

  • Persistently higher prices in specific categories - notably education services and clothing and footwear - could sustain inflationary pressure in those sectors despite the modest easing in headline inflation.
  • Monthly volatility in the CPI and HICP readings - with May reversing April's monthly gains - creates uncertainty about short-term inflation momentum and complicates near-term interpretation of trends.

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