Consumer inflation in Ireland has risen to 2.7% in September, up from 2% the previous month, marking the highest rate in 18 months.
The last time inflation was higher was in March 2024, when it reached 2.9%, according to the Central Statistics Office (CSO).
Food and non-alcoholic beverages have experienced the most significant price increases over the past 12 months, with the sector seeing a 4.7% rise. Products including meat, chocolate, milk, cheese, eggs, bread, soft drinks and mineral water have all increased substantially in price.
The inflation increase comes as households continue to grapple with the cost-of-living crisis, with many families feeling the pressure of rising grocery bills. Ireland already ranks as the second most expensive country in the Eurozone and third in the European Union for food prices.
The rising inflation rate presents challenges for the government, which has faced criticism over its handling of cost-of-living pressures. While Budget 2026 included some measures to support households, the decision to eliminate energy credits and limited social welfare increases have drawn opposition criticism.
The CSO data reinforces concerns that despite some economic improvements, many Irish households remain under financial strain. With food representing a significant portion of household budgets, the 4.7% increase in this sector particularly affects lower-income families.
Economists will be closely monitoring whether this uptick in inflation represents a temporary spike or the beginning of a sustained increase that could prompt further policy responses from the government and the European Central Bank.