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Consumer Price Index May 2026

Consumer prices rose by 3.6% in the 12 months to May 2026

Online ISSN: 2009-5767
CSO statistical release, , 11am

Key Findings

  • The Consumer Price Index (CPI) rose by 3.6% between May 2025 and May 2026, down from an annual increase of 3.7% in the 12 months to April 2026.

  • Excluding Energy and Unprocessed Food, the CPI grew by 2.9% in the 12 months to May 2026.

  • The divisions with the largest increases in the 12 months to May 2026 were Education Services (+8.9%), Clothing & Footwear (+7.4%) and Housing, Water, Electricity, Gas & Other Fuels (+7.1%).

  • The only division to record a decline when compared with May 2025 was Furnishings, Household Equipment & Routine Household Maintenance (-0.6%).

  • Consumer prices fell by 0.1% in the month between April 2026 and May 2026.

  • The divisions that recorded the largest decreases in the month were Recreation, Sport & Culture (-2.6%) and Housing, Water, Electricity, Gas & Other Fuels (-1.1%).

  • The divisions with the largest rises in the month were Clothing & Footwear (+1.2%) and Insurance & Financial Services (+0.8%).

Statistician's Comment

The Central Statistics Office (CSO) has today (11 June 2026) published the Consumer Price Index (CPI) May 2026.

Commenting on the release, Anthony Dawson, Statistician in the Prices Division, said: “Today’s release of the CPI shows that prices for consumer goods and services in May 2026 rose by 3.6% on average when compared with May 2025.

Annual Changes 

The most significant increases in the 12 months to May 2026 were seen in Education Services (+8.9%) and Clothing & Footwear (+7.4%). The annual change in Education Services reflects a rise in costs associated with third-level education which came into effect from October 2025. The rise in Clothing & Footwear was due to higher prices for garments and footwear.

Furnishings, Household Equipment & Routine Household Maintenance (-0.6%) was the only division to show a decline when compared with May 2025.

Monthly Changes

Consumer prices in May 2026 fell by 0.1% in the month. This compares with an unchanged monthly index figure in May 2025. In May 2026, the most significant monthly decreases were in Recreation, Sport & Culture (-2.6%) and Housing, Water, Electricity, Gas & Other Fuels (-1.1%). The fall in Recreation, Sport & Culture prices was primarily due to lower costs for package holidays. Housing, Water, Electricity, Gas & Other Fuels fell mainly due to lower costs for home heating oil.

The largest monthly increases were in Clothing & Footwear (+1.2%) and Insurance & Financial Services (+0.8%).

It should be noted that these figures relate to the CPI. The Flash Estimate Press Statement published on 29 May 2026 related to the EU Harmonised Index of Consumer Prices (HICP).

(See Background Notes for differences between CPI and HICP)."

National Average Prices  

The National Average Prices for selected goods and services for May 2026 are also published today. The National Average Prices are compiled together with the CPI.

Commenting on the National Average Prices, Anthony Dawson said: “There were price increases in the 12 months to May 2026 for sirloin steak per kg (+€1.01) and Irish cheddar per kg (+8c). There were decreases in the price of a pound of butter (-44c), a 2.5kg bag of potatoes (-10c), 2 litres of full fat milk (-8c) and an 800g loaf of brown sliced pan (-2c). An 800g loaf of white sliced pan was unchanged when compared with May 2025.

The national average price for a litre of diesel in May 2026 was €1.99, an increase of 33c on the same time last year. Petrol prices rose by 17c to €1.87 a litre.” 

The comprehensive list of items included in the National Average Prices and their monthly prices are available in PxStat Table CPM12.

Headline Table and Graph

Figure 1 shows the development of the CPI and HICP over recent months. The primary difference between CPI and HICP is the inclusion of Mortgage Interest in the CPI, whereas it’s not included in the HICP. Full details of the difference between CPI and HICP can be found in the background notes of this release.

CPI and HICP
 CPI HICP
 % monthly change % annual change % monthly change % annual change
Jan 2026-0.9 2.7 -1.0 2.5
Feb 20260.9 2.7 0.8 2.5
Mar 20261.6 3.6 1.8 3.6
Apr 20260.5 3.7 0.5 3.6
May 2026-0.1 3.6 -0.2 3.5
X-axis labelCPIHICP
May 20251.71.4
Jun 20251.81.6
Jul 20251.71.6
Aug 202521.9
Sep 20252.72.7
Oct 20252.92.8
Nov 20253.23.1
Dec 20252.82.7
Jan 20262.72.5
Feb 20262.72.5
Mar 20263.63.6
Apr 20263.73.6
May 20263.63.5

Annual and Monthly Price Changes

Prices on average, as measured by the CPI, are 3.6% higher in May 2026 compared with May 2025.

The most notable changes in the year were increases in Education Services (+8.9%), Clothing & Footwear (+7.4%) and Housing, Water, Electricity, Gas & Other Fuels (+7.1%). The only division to show a decrease was Furnishings, Household Equipment & Routine Household Maintenance (-0.6%).

Consumer Prices in May, as measured by the CPI, decreased by 0.1% in the month. During May of last year prices were unchanged in the month. The largest monthly decreases were in Recreation, Sport & Culture (-2.6%) and Housing, Water, Electricity, Gas & Other Fuels (-1.1%). The most significant monthly price increases were in Clothing & Footwear (+1.2%) and Insurance & Financial Services (+0.8%). 

Table 1 - Consumer Price Index (All Items)

Table 2 - Consumer Price ECOICOP Division Indices - May 2026

Contributions to the Overall CPI

Annual Change

Table 3 shows the contribution of each 2-digit ECOICOP1 division to the overall change in the CPI. A detailed breakdown of the individual components of each of the 13 ECOICOP divisions is presented in Tables 4 to 16.

The divisions which caused the largest upward percentage point (pp) contributions to the CPI in the year were Housing, Water, Electricity, Gas & Other Fuels (+1.09 pp), Restaurants & Accommodation Services (+0.74 pp), Transport (+0.68 pp) and Clothing & Footwear (+0.31 pp).

The only division to cause a downward contribution to the CPI in the year was Furnishings, Household Equipment & Routine Household Maintenance (-0.03 pp).

The main factors contributing to the annual change were as follows:

  • Housing, Water, Electricity, Gas & Other Fuels increased primarily due to a rise in the cost of home heating oil, electricity, rents and mortgage interest repayments.
  • Restaurants & Accommodation Services rose mainly due to higher prices for food and drinks consumed in licensed premises, restaurants, cafes etc.
  • Transport rose due to higher prices for diesel and petrol as well as increases in the cost of air fares.
  • Clothing & Footwear increased due to higher costs for garments, shoes and other footwear.
  • Furnishings, Household Equipment & Routine Household Maintenance fell mainly due to lower prices for furniture, furnishings & loose carpets.

1European Classification of Individual Consumption According to Purpose version 2.

Figure 2: Contribution of CPI ECOICOP Divisions to the Overall CPI Annual Percentage Change - May 2026

Monthly Change

The divisions that caused the largest downward percentage point contributions to the CPI in the month were Housing, Water, Electricity, Gas & Other Fuels and Recreation, Sport & Culture (both -0.18 pp). The divisions which caused the largest upward percentage point contributions to the CPI in the month were Restaurants & Accommodation Services (+0.15 pp) and Clothing & Footwear (+0.06 pp).

The main factors contributing to the monthly change were as follows:

  • Housing, Water, Electricity, Gas & Other Fuels fell mainly due to lower costs for home heating oil.
  • Recreation, Sport & Culture fell mainly due to lower prices for package holidays.
  • Restaurants & Accommodation Services increased primarily due to increases in the cost of hotels and similar accommodation and higher prices for food and drinks consumed in licensed premises, restaurants, cafes etc.
  • Clothing & Footwear rose due to increases in the prices of footwear and of adult’s and children’s garments.
Table 3 - Contributions to the change in the All Items CPI - May 2026

CPI sub-indices

Tables 4 to 16 detail all ECOICOP sub-indices of the CPI.

Table 2 and Table 18 detail selected consumer price index sub-indices. The sub index for Services rose by 4.0% in the year to May, while Goods increased by 3.2%. Services, excluding mortgage interest repayments, increased by 3.8% in the year since May 2025.

The CPI excluding tobacco decreased by 0.1% in the month of May and rose by 3.6% in the year. The CPI excluding mortgage interest fell by 0.1% in the month and climbed by 3.5% in the year.

Table 4 - ECOICOP Division 01 Food and Non-Alcoholic Beverages - May 2026

Table 5 - ECOICOP Division 02 Alcoholic Beverages and Tobacco - May 2026

Table 6 - ECOICOP Division 03 Clothing and Footwear - May 2026

Table 7 - ECOICOP Division 04 Housing, Water, Electricity, Gas and Other Fuels - May 2026

Table 8 - ECOICOP Division 05 Furnishings, Household Equipment and Routine Household Maintenance - May 2026

Table 9 - ECOICOP Division 06 Health - May 2026

Table 10 - ECOICOP Division 07 Transport - May 2026

Table 11 - ECOICOP Division 08 Information and Communication - May 2026

Table 12 - ECOICOP Division 09 Recreation, Sport and Culture - May 2026

Table 13 - ECOICOP Division 10 Education Services - May 2026

Table 14 - ECOICOP Division 11 Restaurants and Accommodation Services - May 2026

Table 15 - ECOICOP Division 12 Insurance and Financial Services - May 2026

Table 16 - ECOICOP Division 13 Personal Care, Social Protection and Miscellaneous Goods and Services - May 2026

Table 17 - Consumer Price Index Goods and Services by ECOICOP Division - May 2026

Table 18 - Consumer Price Index Subindices - May 2026

Harmonised Index of Consumer Prices

Prices on average, as measured by the EU Harmonised Index of Consumer Prices (HICP), increased by 3.5% compared with May 2025.

Table 20 details the ECOICOP sub-indices for the HICP. The most notable changes in the year were increases in Education Services (+9.0%), Clothing & Footwear (+7.3%) and Housing, Water, Electricity, Gas & Other Fuels (+6.9%). The only decrease was recorded in Furnishings, Household Equipment & Routine Household Maintenance (-0.7%).

The HICP decreased by 0.2% in the month. The monthly index was unchanged in May of last year.

The most significant monthly decreases were recorded in Recreation, Sport & Culture (-2.6%) and Housing, Water, Electricity, Gas & Other Fuels (-1.5%). The most largest increase was in Clothing & Footwear (+1.2%).

Table 19 - EU Harmonised Index of Consumer Prices (HICP) - Ireland

Table 20 - EU Harmonised Consumer Price ECOICOP Division Indices - May 2026 Ireland

National Average Price

National Average Prices for selected goods and services for May 2026 are detailed in Table 21.

Looking at the National Average Prices of some staple items:

  • The national average price for bread (large (800g) white sliced pan) was unchanged in the year to May 2026, while the same size brown sliced pan decreased by 2 cent in the year.
  • The national average price of 1kg of sirloin steak rose by €1.01 in the year, while the average price for 2.5kg of potatoes was down 10 cents.
  • The national average price of full fat milk per 2 litres was down 8 cents in the year, while butter per lb fell by 44 cents and the average price of Irish cheddar per kg increased by 8 cents.
  • The national average price of a take-home 50cl can of lager at €2.40 was down 1 cent from May 2025, while a take-home 50cl can of cider at €2.71 was up 4 cents.
  • In May 2026, the national average price of a pint of stout in licensed premises was €6.32, up 26 cents in the year, while a pint of lager was €6.75, up 27 cents compared with May 2025.
  • The national average price for a litre of diesel in May 2026 was €1.99, an increase of 33c on the same time last year. Petrol prices increased by 17c to €1.87 a litre.

National Average Price

National Average Prices for selected goods and services for May 2026 are detailed below

These prices are compared to the same product and service in May 2025. A full list of National Average Prices is detailed in Table 21.
Increase
33c
now €1.99
Diesel (1L)
Increase
€1.01
now €22.28
Sirloin Steak (kg)
Decrease
10c
now €3.69
Bag of Potatoes (2.5kg)
Decrease
8c
now €2.38
Milk - Full Fat (2L)
No change
0c
now €1.67
White Sliced Pan (800g)
Decrease
44c
now €4.30
Butter (lb/454g)
Table 21 - National Average Prices

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