The EU Harmonised Index of Consumer Prices (HICP) for Ireland is estimated to have increased by 9.6% in the year to June 2022, according to Eurostat.

Across the eurozone, the annual increase is averaging 8.6%.

The latest figure is an increase on the HICP inflation rate of 8.3% in Ireland in the year to May 2022

Annual estimates of inflation for eight of the 19 Eurozone countries published today were lower than the estimate of 9.6% for Ireland while 10 countries had a higher rate

Estonia had the highest inflation rate in June 2022 at 22.0%, while Malta had the lowest at 6.1%.

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Energy costs in Ireland are estimated to be up 6.2% in the month and up 54.0% since June 2021. For the Eurozone overall, energy prices were up by 3.3% in the month and up by 41.9% on an annual basis.

The HICP is an index of consumer prices that has been harmonised to allow comparisons across Eurozone countries.

The Consumer Price Index (CPI) is the official measure of inflation for Ireland and is published monthly by the CSO. The CPI release for June 2022 will be published on July 14.

Flash HICP estimates are subject to revision when the final results are published. For 18 of the 31 months since November 2019 when the CSO’s flash estimate has been published by Eurostat, there was no difference between Ireland’s flash estimate and final result of the HICP.

There was a difference of 0.1 percentage points for 11 of the months, while one month in 2020 had a difference of 0.2 percentage points and another had a difference of 0.3 percentage points.