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Inflation rises to 1.6% in June, flash estimate shows

Consumer prices are estimated to have increased by 1.6% in the 12 months to June, new CSO figures show
Consumer prices are estimated to have increased by 1.6% in the 12 months to June, new CSO figures show

The latest flash reading of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office show that consumer prices are estimated to have increased by 1.6% in the 12 months to June.

This compares with HICP inflation of 1.4% in Ireland in the 12 months to May and an annual increase of 1.9% in the HICP for the Eurozone in the same period.

Looking at the components of the flash HICP for June, energy prices are estimated to have decreased by 0.2% in the month and fallen by 1.8% since June last year.

Transport costs rose by 1.2% in the month and decreased by 2% since June 2024, while food prices are estimated to have risen by 0.3% in the last month and by 4.3% in the last 12 months.

The corresponding rate for the euro zone will be published tomorrow.