Ireland's inflation accelerated for a third month in a row to its highest level in over one-and-a-half years, led by higher food prices and the rising cost of education, preliminary data from the Central Statistics Office showed on Thursday.
The consumer price index rose 2.9 percent year-on-year following a 2.7 percent increase in September. Economists had expected the rate to remain unchanged.
The latest inflation rate was the highest since March 2024, when it was 2.9 percent.
Core inflation, which excludes prices of energy and fresh food, was steady at 2.8 percent.
Among the main components of the CPI, the biggest increase of 8.4 percent was logged in the education group. Prices in the food and non-alcoholic beverages category grew 4.5 percent.
The furnishing, household equipment and routine maintenance division logged a decline of 0.4 percent.
The CPI rose 0.5 percent month-on-month following a 0.2 percent decreased in the previous month. The increase in the education group reflects a rise in costs associated with third-level education, the statistical office said.
Inflation, based on the harmonized index of consumer prices or HICP, also accelerated to 2.8 percent from 2.7 percent in September. The HICP rose 0.4 percent monthly increase after a 0.2 percent fall in September.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.