Irish inflation estimated at 9.6% in July giving first hopes that price pressures are peaking

Irish economists have predicted since March that consumer price inflation would peak at around 10% this summer, however, they still see inflation running at elevated levels next year. Picture: Leah Farrell / RollingNews.ie

Ireland's inflation rate was 9.6% in July, unchanged from the previous month, providing a glimmer of hope that the acceleration of price pressures is nearing a peak.

The figures come from Eurostat and are based on its harmonised measure of inflation which makes it easier to compare inflation rates right across the European Union.