Inflation in Ireland has reached its highest level in two and a half years.
In March, annual inflation in Ireland rose to 3.6%, reaching its highest level in two and a half years, mainly due to an 11% increase in energy prices over the month. Core inflation remained steady at 2.6%.
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In March, the annual rate of consumer inflation in Ireland rose to 3.6%, up from 2.5% in February, reaching its highest level in the past two and a half years. These figures come from the preliminary estimate of the Harmonised Index of Consumer Prices published on Monday.
According to the Central Statistics Office, overall prices increased by 1.8% from February to March, marking the largest monthly rise since March 2022. The main driver behind the price increase was an 11% jump in energy costs over the month.
Core inflation, which excludes energy and unprocessed food, remained steady at 2.6% year-on-year, unchanged from the previous month.