Consumer prices go up 3.4% over year
The Consumer Price Index (CPI) rose by 3.4% between July 2025 and July 2026.
This 3.4% increase was the same level of year-on-year inflation that was recorded in June 2026, CSO data shows.
Excluding energy and unprocessed food, the CPI grew by 3.2% in the 12 months to July.
The divisions with the largest increases in the 12 months to July 2026 were:
- Education services (+8.9%),
- Clothing and footwear (+8.5%),
- Housing, water, electricity, gas and other fuels (+7.7%), and
- Insurance and financial services (+5.5%).
No decline in prices
No division recorded a decline in prices when compared with July 2025 – the first time this has occurred since December 2021.
Consumer prices rose by 0.1% in the month between June 2026 and July 2026.
The divisions that recorded the highest rises in the month were recreation, sport and culture (+2.7%) and housing, water, electricity, gas, and other fuels (+0.8%).
The divisions that recorded the largest decreases in the month were clothing and footwear (-5.1%) and transport (-0.9%).