Irish inflation jumps to 4.1% in September, highest since Jan 2024

Irish consumer prices rose 4.1% year-on-year in September, driven by a considerable jump in energy costs, marking the highest inflation rate since January 2024. The data signals renewed price pressures in the euro area's periphery, potentially complicating ECB policy expectations. The sustainability of the energy-driven spike remains uncertain, but the sharp acceleration suggests upside risks to inflation.