Consumer prices climbed by more than 3 per cent over the past year as reported by the CSO, largely due to increases in energy and food expenses.
The most recent preliminary reading for the harmonised index of consumer prices (HICP) indicated an annual inflation rate of 3.2 per cent for November, higher than the prior 2.8 per cent, reports Breaking News.
The HICP enables direct comparisons of inflation across Eurozone nations.
Over the last 12 months, food costs increased by 4.2 per cent, with energy prices up by 3.3 per cent, reports Breaking News.
That said, from October this year, total prices dipped by 0.2 per cent, energy costs advanced by 0.7 per cent, and food prices held steady.
Electricity rates were raised last month by Bord Gáis Energy, Pinergy, Energia and SSE Airtricity, while Flogas adjusted its electricity prices upward in August, reports Breaking News.
When energy and unprocessed food are stripped out, the HICP is projected to have advanced by 3 per cent from November 2024.
Ireland’s HICP data will contribute to the broader euro zone inflation metrics, scheduled for release on Tuesday.
In other developments, contactless transactions are on the upswing even as ATM use drops off. A review of Bank of Ireland client patterns in the third quarter of 2025 indicates that eCommerce contactless card payments (via digital wallets, Apple Pay/Google Pay) grew by 6 per cent, while contactless ‘tap and go’ transactions climbed by 4 per cent versus Q3 2024, reports Breaking News.
By contrast, ATM transaction volumes declined by 9 per cent in Q3 2025 relative to the previous year’s equivalent quarter.
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