Irish Food Price Inflation Hits 5% Annual Increase August

In August 2025, Irish food prices rose by 5.0% year-on-year, marking a 20-month high and significantly outpacing the overall inflation rate of 1.8%, which itself increased from 1.6% in July. This sharp rise in food price inflation is primarily driven by higher agricultural output costs, including elevated energy and fertilizer expenses. Meanwhile, energy prices fell slightly by 0.3% in August and decreased by 0.1% over the past year, while transport costs also declined. Excluding energy and unprocessed food, the core inflation rate rose to 1.9%, up from 1.7% in July. Experts caution that ongoing global trade tensions, including new US tariffs, volatile commodity prices, and currency fluctuations, could further pressure Irish inflation. Final inflation figures for August will be released in mid-September alongside broader eurozone data.