Irish inflation ticks upwards for the first time this year to 1.9%

On a monthly basis, price levels rose by 0.5%, primarily due further hikes in transport costs

In the past twelve months, transport costs have risen by 7.1%, with signs pointing to even further rises in fuel prices by the end of the year. Issue date: Monday September 5, 2022.

Ireland's annual inflation rate rose slightly in May, marking the first increase in general price levels this year as measured by the harmonised index of consumer prices. 

New figures from the Central Statistics Office (CSO) show Irish inflation increased by 1.9% in the past twelve months, a 0.3% rise compared to the annual 1.6% figure reported in April.