The Consumer Price Index (CPI) rose by 1.7% between July 2024 and July 2025, new figures from the Central Statistics Office (CSO) show.

This is down from an annual increase of 1.8% in the 12 months to June 2025, the CSO said on Thursday.

Excluding energy and unprocessed food, the CPI grew by 1.8% in the 12 months to July 2025.

The divisions with the largest increases in the 12 months to July 2025 were food and non-alcoholic beverages (4.7%) and alcoholic beverages and tobacco (3%).

The divisions to record the largest declines when compared with July 2024 were transport (2.8%) and clothing and footwear (2.4%).

Consumer prices rose by 0.1% in the month between June 2025 and July 2025.

Commenting on the figures, Anthony Dawson, statistician in the prices division, said: “Today’s release of the CPI shows that prices for consumer goods and services in July 2025 rose by 1.7% on average when compared with July 2024.

"The annual change in food and non-alcoholic beverages costs reflects a rise in prices across a range of products, such as beef, veal and butter."

The national average prices for selected goods and services for July 2025 were also published by the CSO today.

The national average prices are compiled together with the CPI.

Dawson explained: “There were price increases in the 12 months to July 2025 for a pound of butter (€1.08), Irish cheddar per kg (70c), two litres of full fat milk (28c), an 800g loaf of white sliced pan (5c), and an 800g loaf of brown sliced pan (3c).

"There were decreases in the price of a 2.5kg bag of potatoes (33c) and spaghetti per 500g (4c) when compared with July 2024.”