Ireland skyline

Ireland Inflation April 2025

Ireland: Harmonized inflation increases to over one-year high in April

Latest reading: Harmonized inflation came in at 2.0% in April, which was up from March’s 1.8%. April’s result represented the highest inflation rate since February 2024 and matched the ECB’s target. Looking at a breakdown, price pressures picked up for housing and utilities. The figure was pushed up by a low base effect; energy prices plunged in 2024 after surging in prior years as a result of the global energy crisis.

Annual average harmonized inflation was unchanged at March’s 1.2% in April. Meanwhile, consumer price inflation rose to 2.2% in April from March’s 2.0%.

Finally, harmonized consumer prices increased 0.41% from the previous month in April, a smaller increase than March’s 0.67% increase. April’s result marked the weakest reading since January.

Outlook: Harmonized inflation is seen averaging broadly in line with the ECB’s 2.0% target this year, with lower oil prices offset by higher natural gas prices.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen