Ireland: Harmonized inflation drops to lowest level since December 2024 in May
Latest reading: Harmonized inflation dropped to 1.4% in May, below April’s 2.0% and the lowest rate in five months. Transportation costs dropped after rising in the previous month, likely dampened by the recent decline in crude oil and natural gas prices.
Annual average harmonized inflation remained at April’s 1.2% in May. Meanwhile, consumer price inflation fell to 1.6% in May from the previous month’s 2.2%.
Lastly, harmonized consumer prices were unchanged from the previous month in May, below the 0.41% rise logged in April. May’s result marked the in prices since January.