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Ireland Inflation May 2024

Ireland: Harmonized inflation increases in May

Harmonized inflation came in at 2.0% in May, up from April’s 1.6%. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a softer rate in May. However, prices for transportation grew at a faster rate.

The trend pointed down, with annual average harmonized inflation coming in at 3.2% in May (April: 3.5%). Meanwhile, consumer price inflation rose to 2.8% in May from the previous month’s 2.5%.

Finally, harmonized consumer prices increased 0.59% over the previous month in May, picking up from April’s 0.17% rise.

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