11.06.202610:00:00UTC+00Irish HICP Deflation Deepens in May, Month-on-Month Rate Slips to -0.2%

Ireland’s Harmonised Index of Consumer Prices (HICP) showed a deeper month‑on‑month decline in May 2026, with the indicator easing to -0.2% from -0.1% previously. The latest figures, updated on 11 June 2026, indicate that consumer prices fell at a slightly faster pace compared with the prior month.

The current reading reflects the change in prices from April to May 2026, while the previous -0.1% figure captured the shift from March to April 2026. Both months therefore registered mild deflation, suggesting a continued softening in price pressures on a short‑term basis. Investors and policymakers will be watching upcoming data to assess whether this negative month‑on‑month trend persists or stabilises in the months ahead.