Ireland's eurozone adjusted inflation rate remains stable at 1.5%

Annual inflation remained at 1.5% for another month, according to Eurostat's latest estimates.

Ireland's EU Harmonised Consumer Price Index (HICP) is estimated to have risen 1.5% in the 12 months to July, and 0.2% month-on-month.

This is the same annual rate of Irish HICP inflation recorded in the year to June and compares with an annual increase in the euro area-wide HICP of 2.5% over the same period.

Energy prices remained steady last month and are estimated to have fallen 5.8% in the 12 months to July.

Food prices are estimated to be unchanged last month, but have increased 1.9% over the past 12 months.

The HICP, excluding energy and unprocessed foods, is estimated to have risen by 2.3% since July 2023.

This is a consumer price index adjusted to be comparable across euro area countries.

This is different to the Consumer Price Index (CPI), Ireland's official inflation measure.

The latest CPI figures, released earlier this month, showed the index rose 2.2% in the 12 months to June, but down from an annualised rise of 2.6% in the year to May.