Ireland's consumer price inflation moderated marginally in May from a 27-month high in the previous month, data from the Central Statistics Office showed on Thursday.
The consumer price index climbed 3.6% year-over-year in May, slower than the 3.7% increase seen in April, which was the highest inflation rate since January 2024, when prices rose 4.1%.
Inflation based on housing and utilities softened to 7.1% from 8.1%, and prices for food and non-alcoholic beverages slowed to 1.3% from 2.0%.
The annual price growth in clothing and footwear eased to 7.4% from 7.9%. On the other hand, transport inflation climbed to 6.1% from 3.8% due to higher prices for diesel and petrol as well as increases in the cost of air fares.
On a monthly basis, consumer prices dropped 0.1% versus a 0.5% rise in April.
The EU measure of inflation, the harmonized index of consumer prices, rose 3.5% yearly in May after rising 3.6% in April, as estimated. Monthly, the HICP declined 0.2%.
