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HICP inflation rises to 1.8% in August as food prices increase 5%

Inflation
/ 1st September 2025 /
George Morahan

Consumer prices in Ireland increased 1.8% in the 12 months to August, according to the EU Harmonised Index of Consumer Prices (HICP).

The Central Statistics Office's (CSO) flash estimate for HICP shows prices rose 0.3% alone in the month of August, and that annual inflation rose 1.6% from July.

During the same period, HICP inflation for the eurozone stood at 2%.

In terms of the component parts of HICP inflation in Ireland, energy prices are estimated to have decreased by 0.1% year-on-year and 0.3% month-on-month.

Food prices, meanwhile, rose 0.4% in August and 5% over the past 12 months.

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Excluding energy and unprocessed food, HICP is estimated to have increased 1.9% over the past year.

“The latest flash estimate of the Harmonised Index of Consumer Prices (HICP), compiled by the CSO, indicates that prices for consumer goods and services in Ireland are estimated to have increased by 1.8% in the past year," said Anthony Dawson, statistician in the prices division of the CSO.

"Looking at the components of the flash HICP in Ireland for August 2025, energy prices are estimated to have decreased by 0.3% in the month and fallen by 0.1% since August 2024. The HICP, excluding energy and unprocessed food prices, is estimated to have grown by 1.9% since August 2024.

"Food prices are estimated to have increased by 0.4% in the last month and risen by 5.0% in the last 12 months. Transport costs have fallen by 0.5% in the month and decreased by 2.4% in the 12 months to August 2025."

Costs
HICP inflation rose to 1.8% in August, according to the CSO.

The CSO's Consumer Price Index measured inflation at 1.7% in July, down from 1.8% in June.

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