Irish inflation rises to 3.2% despite tumbling energy prices

Latest figure is up notably from just 2.5% in November, with inflation rising despite continued tumbles in energy prices and steadying food costs.

On an annual basis, energy prices have risen by 6.4% over the 12 months to December 2023, with food prices growing by 5.3% in the same period.

Irish inflation increased once again in December, straying further from the eurozone average of 2.4%.

Latest figures from the Central Statistics Office found that annual Irish inflation increased to 3.2% last month following price rises across non-core items.