The EU Harmonised Index of Consumer Prices (HICP) for Ireland is estimated to have risen by 1.8% in the 12 months to March 2025 and increased by 0.7% since February 2025.
This compares with HICP inflation of 1.4% in Ireland in the 12 months to February 2025 and an annual increase of 2.3% in the HICP for the Eurozone in the same period.
Looking at the components of the flash HICP for Ireland in March 2025, energy prices are estimated to have fallen by 1.0% in the month and decreased by 0.4% over the 12 months to March 2025.
Food prices are estimated to have increased by 0.8% in the last month and by +3.2% in the last 12 months.
The HICP excluding energy and unprocessed food is estimated to have gone up by 2.0% since March 2024.
Eurostat will publish flash estimates of inflation from the EU HICP for the Eurozone for March 2025 on 01 April 2025.
The Consumer Price Index (CPI) is the official measure of inflation for Ireland and is published monthly by the CSO. The CPI release for March 2025 will be published on 10 April 2025 and the final results of the HICP for Ireland for March 2025 will be published as part of the CPI release. The HICP is an index of consumer prices that has been harmonised to allow comparisons across Eurozone countries. The CSO compile the HICP flash estimates and final results for Ireland and submit those to Eurostat who then compile the Eurozone estimate and publish that along with the results for the countries within the Eurozone. While the final HICP results for the Eurozone are usually published by Eurostat around the middle of the month following the reference month, flash estimates are issued around the end of each reference month.
The Eurostat publication of flash estimate data can be found on the Eurostat website at 10am on 01 April 2025: https://ec.europa.eu/eurostat/web/main/home. Eurostat are expected to publish the final HICP results for the Eurozone for March 2025 at 10am on 16 April 2025.
| Anthony Dawson | (+353) 21 453 5521 |
|---|---|
| cpi@cso.ie |
-- ENDS --
Statistician's Comment
The Central Statistics Office (CSO) has today (31 March 2025) published the flash estimates of inflation from the EU Harmonised Index of Consumer Prices (HICP) for Ireland for March 2025. Eurostat will publish the figures for the whole of the Eurozone, including Ireland, on 01 April 2025.
Commenting on the data published today, Anthony Dawson, Statistician in the Prices Division, said: “The latest flash estimate of the Harmonised Index of Consumer Prices (HICP), compiled by the CSO, indicates that prices for consumer goods and services in Ireland are estimated to have grown by 1.8% in the past year. Looking at the components of the flash HICP in Ireland for March 2025, energy prices are estimated to have decreased by 1.0% in the month and fallen by 0.4% since March 2024. The HICP excluding energy and unprocessed food prices is estimated to have increased by 2.0% since March 2024.
Food prices are estimated to have gone up by 0.8% in the last month and increased by 3.2% in the last 12 months. Transport costs have risen by 2.0% in the month and are up by 1.7% in the 12 months to March 2025.
The corresponding rate for the Eurozone will be published on 01 April 2025. These flash estimates are subject to revision when the final HICP results are published next month (See Editor’s Note below).”