2026.05.1410:00:00UTC+00Irish HICP Inflation Slows Sharply to 0.5% Month-on-Month in April

Ireland’s Harmonised Index of Consumer Prices (HICP) recorded a marked deceleration in April, with month-on-month inflation easing to 0.5%, down from 1.8% in the previous month. The latest figures, updated on 14 May 2026, highlight a significant cooling in short-term price momentum across the Irish economy.

On a month-over-month basis, the “actual” reading for April 2026 reflects price changes compared with March 2026, while the “previous” 1.8% figure measures the change in March relative to February. The sharp slowdown suggests that some of the price pressures seen earlier in the spring have moderated, potentially easing immediate inflation concerns and providing a slightly more benign backdrop for households and policymakers alike.

While the data point to a softer near-term inflation pulse, markets and analysts will be watching upcoming releases closely to determine whether April’s weaker HICP reading signals a sustainable trend or a temporary pause in Ireland’s price growth trajectory.