Inflation reaches two-year high of 3.7% in April -CSOThis was the highest annual rate of inflation observed in the Consumer Price Index since January 2024, when the rate of inflation was 4.1 per cent.
Economic growth forecast for island of Ireland despite fuel supply turbulenceInflation in Ireland is to increase because of the conflict in the Middle East and the shutdown of the vital trading route, the Strait of Hormuz, through which a fifth of oil supplies travel.
Price of home-heating oil at highest price since 1996 amid Middle East warDiesel was at its highest level since July 2022, while the price of petrol was at its highest level since August 2022.