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Ireland Inflation Hits 2.7% in September, Highest Since March 2024

CSO data point to food-driven pressures alongside rising insurance and childcare costs.

Overview

  • Food and non-alcoholic beverages rose 4.7% year on year, the biggest contribution to the overall increase.
  • Item-level jumps were steep, with beef and veal up 23.6%, milk up 12.1%, butter up 11.7%, chocolate up 13.9% and coffee up 10.5%.
  • Non-food costs intensified as health and motor insurance premiums increased, personal care products became pricier and childcare costs rose.
  • National Average Prices illustrate the squeeze: sirloin steak averaged €22 per kg (up €5 in a year), a pint of stout €6.07 (up €0.25) and a pint of lager €6.50 (up €0.26).
  • Furnishings and household equipment declined 0.6% year on year, while overall prices fell 0.2% month on month as transport and recreation costs eased on lower airfares.