Eurostat confirms Irish annual inflation rate of 9.6% in July, unchanged from June

Irish economists have predicted since March that consumer price inflation would peak at over 10% this summer, however, they still see inflation running at elevated levels next year.

The harmonised rates have in the past been slightly higher than the consumer prices measure, which in Ireland's case was running at 9.1% in July. Picture: Damian Coleman

Eurostat has confirmed that 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 new figures come from the European statistics office and are based on its harmonised measure of inflation which makes it easier to compare inflation rates right across the European Union.