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flag Ireland's consumer prices rose 1% in 2024, driven by increases in food and transport costs.

flag Consumer prices in Ireland rose 1% in 2024, up from 0.5% in November, driven by higher transport and food costs. flag Despite a 4.6% drop in energy prices year-over-year, food prices increased by 1.7%, and transport costs rose by 1.7% over the past year. flag The exclusion of energy and food shows a 1.6% price increase. flag The European Central Bank is expected to continue lowering interest rates in 2025 as inflation eases.

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