Inflation falls slightly in Feburary to 2.4%

Kenneth Fox

Annual consumer price inflation in Ireland is estimated to have risen by 2.4 per cent in the 12 months to February 2026.

Compared with January, it is down marginally from 2.5 per cent, according to the Central Statistics Office (CSO). Prices increased by 0.7 per cent since January 2026.

In terms of components of the flash HICP for Ireland in February 2026, energy prices are estimated to have gone up by 0.4 per cent in the month and were up by 0.1 per cent over the 12 months to February 2026.

Food prices are estimated to have risen by 0.1 per cent in the last month and increased by 3.4 per cent in the last 12 months.

Excluding energy and unprocessed food, the HICP is estimated to have grown by 2.4 per cent since February 2025.

Eurostat will publish flash estimates of inflation from the EU HICP for the Eurozone for February 2026 on March 3rd, 2026.

Commenting on the data published, 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 risen by 2.4 per cent in the past year.

"Service prices have risen by 0.8 per cent in the month and are up by 3.3 per cent in the 12 months to February 2026.