New figures from the Central Statistics Office show that consumer prices rose by 0.3% in September compared to the same month last year.
The biggest annual price increases were seen in restaurants and hotels, due to more expensive hotel accommodation, food and drink, while health and motor insurance premiums also rose.
But transport costs fell on the back of lower petrol and diesel prices and a cut in the price of cars.
The price of some food products - including vegetables, bread and cereals and meat - were also lower on an annual basis.
Today's figures show that monthly consumer prices fell by 0.2% in September from August, reversing a 0.2% price rise in August. Contributing to the monthly change was a fall in fuel prices as well as lower prices for hotel accommodation.
But prices for clothing and footwear rose in September from August due to the ending of the summer sales, while higher rents were also evident.
Commenting on today's figures, Davy economist David McNamara said that once again, the prevailing trends evident throughout the past year continue to act as a drag on inflation.
Mr McNamara noted that in the year to September, mortgage interest costs fell 10.1%, accelerating over the month as ECB rate cuts impacted on borrowing costs. Lower oil prices have also weighed on inflation, with energy costs falling 1.7% in the year to September.
But the economist said that stronger inflation is now clearly evident in many domestic-facing sectors. He said that services price inflation, excluding mortgage interest costs, accelerated to 3.2% year-on-year from 3.1% in August.
But overall he said he expects inflation to be flat overall in 2014 before picking up modestly next year.
Investec economist Philip O'Sullivan said that that muted overall price pressures in the last several months have been providing Irish consumers with an element of respite.
"The flip side of this is that the current low inflation rate may embolden policymakers to raise stealth taxes in next week’s Budget in order to help fund the promised - and far higher-profile - income tax cuts," Mr O'Sullivan added.
