Overview
- Ireland’s EU‑harmonised inflation (HICP) rose 3.2% year on year in November, according to a CSO flash estimate.
- Food prices increased 4.2% annually and energy rose 3.3%, even as overall prices fell 0.2% month on month.
- Energy costs climbed 0.7% in the month, reflecting recent electricity price increases by Bord Gáis, Pinergy, Energia and SSE Airtricity, with Flogas having raised prices in August.
- Core inflation, excluding energy and unprocessed food, is estimated at 3.0% compared with November 2024.
- Fuel costs have been affected by the October carbon tax, with AA Ireland reporting diesel up 4c per litre and petrol up 2c in the last month, and the HICP print will feed into euro‑area figures due Tuesday.