19.02.202611:00:00UTC+00Ireland’s Consumer Prices Fall 0.9% in January, Reversing December Rise

Ireland’s consumer price index (CPI) slipped by 0.9% month-on-month in January 2026, a sharp reversal from the 0.5% increase recorded in December 2025. The latest data, updated on 19 February 2026, indicate a notable cooling in short-term price momentum at the start of the year.

On a month-over-month basis, the January decline means that prices, on average, were lower than in December, contrasting with the previous period when consumer prices had risen compared with November. The shift from positive to negative monthly inflation suggests a pullback in certain price components or seasonal effects weighing more heavily at the beginning of 2026.

The comparison framework used here measures each month’s change against the immediately preceding month, highlighting how January’s downturn follows directly on from December’s uptick. While no breakdown by category was provided, the headline move from +0.5% to -0.9% underscores increased volatility in Ireland’s short-term inflation path.