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Yuno Energy latest to increase electricity and gas prices

Yuno Energy is increasing its prices by 9.5% for electricity and by 11% for gas from 1 July, following a similar announcement by Electric Ireland yesterday.

Business • 29 May

Energy prices fell in May, up 11.9% year-on-year - CSO

The rate of inflation eased slightly this month, according to a flash estimate from the Central Statistics Office, as cuts to fuel excise duties brought energy prices down when compared to April.

Business • 29 May

Close-up on a woman looking at a receipt after shopping at the supermarket - cost of living concepts

Consumers quicker to react to latest price shocks - ECB

⁠Euro zone consumers, already scarred by the Ukraine war, have changed their attitudes more quickly as a result of the upheaval of the Iran war, new European Central Bank research has shown, meaning the economic hit could be deeper and faster.

Business • 29 May

Retail sales volumes fell in April - CSO

The volume of retail sales fell in April, according to the Central Statistics Office, but the value of sales rose year-on-year due to the continued rise in consumer prices.

Business • 28 May

SYDNEY, AUSTRALIA - MAY 03: Shoppers select fresh produce at Paddy's Markets Haymarket on May 03, 2026 in Sydney, Australia. Australia's annual inflation rate climbed to 4.6 percent in the year to March, its highest level since 2023, driven largely by soa

Australia's annual inflation slowed to 4.2%

Australian consumer prices increased by less than expected in April thanks to a government tax cut on fuel, data showed today, while core inflation ticked up as higher oil prices fed through to the broader economy.

Business • 27 May

Japan's 'core' consumer prices, which excludes volatile fresh food, eased to 1.4% from 1.8% in March

Japan inflation slows more than expected in April

Japan's inflation slowed more than expected in April, government data showed today, as Prime Minister Sanae Takaichi considers further measures to drive down costs linked to the Middle East war.

Business • 22 May

The EU predicts that the Irish economy will stabilise and turn positive in 2027 with growth of 3.4%

Irish GDP set to fall by 1.2% this year - Commission

The Irish economy, as measured by gross domestic product (GDP), is forecast to decline in 2026, according to the European Commission Spring's 2026 Economic Forecast.

Business • 21 May

S&P Global's Flash Euro Zone Composite Purchasing Managers' Index fell to 47.5 in May from 48.8 - its lowest since October 2023

Euro zone economic activity contracts in May - PMI

Economic activity in the euro zone shrank at its sharpest rate in more than two and a half years in May, as a war-driven surge in living costs hammered demand for services and pushed overall input price inflation to its highest in three and a half years.

Business • 21 May

Close up image of an oil delivery driver filling up a residential oil tank.

Home-heating oil surge drives inflation higher in April

Consumer prices rose by 3.7% in the year to April - the highest annual inflation rate since the beginning of 2024 - according to the latest figures from the Central Statistics Office.

Business • 14 May

AIB Chief Economist David McNamara said the base case 4% inflation is a long way from 2022 levels of inflation when it peaked at nearly 10%

AIB warns of 7% inflation peak if Hormuz blockade remains

AIB's latest economic outlook is warning inflation could peak at the higher rate of 7% if the Strait of Hormuz blockade continues for the rest of the year.

Business • 14 May

Norway moves to raise rates amid 'too high' inflation

Norway's central bank has today raised its policy interest rate by 25 basis points to 4.25%, moving sooner than analysts in a Reuters poll had expected, to quell inflation pressure driven by strong wage growth and high energy costs.

Business • 07 May

With the war in Iran now in its third month, the pressure on the ECB to hike interest rates is likely to increase.

Ireland 'buffered' against higher inflation - economist

The European Central Bank is expected to keep interest rates steady today, following a similar decision by the US Federal Reserve. However, policymakers are likely to signal a possible rate hike as soon as June to address inflation in the euro zone.

Business • 30 Apr

Energy prices jump over 15% in year to April - CSO

Energy prices rose by 15.5% in the 12 months to April, according to the Central Statistics Office.

Business • 29 Apr

Bank of Japan hikes inflation forecast, holds rates

Japan's central bank has today sharply hiked its inflation forecasts for the current year and halved its growth projections after the Iran war sent oil prices soaring.

Business • 28 Apr

Japan inflation heats up in March, energy prices fall

Japan's core inflation accelerated to 1.8% in March, government data showed today, largely driven by rising food prices.

Business • 24 Apr

OECD does not see a risk of stagflation due to Iran war

The secretary general of the Organization for Economic Co-operation and Development has today played down the risk of stagflation due to the Iran crisis.

Business • 23 Apr

Canada's inflation has been benign for well over a year and has stayed around the mid-point of the Bank of Canada's target range of 1-3%

Canada's annual inflation rises to 2.4% due to Iran war

Canada's annual ⁠inflation rate rose to 2.4% in March, with prices jumping 0.9% on the month, as higher crude oil costs drove up gasoline prices, data showed today.

Business • 20 Apr

US Donald Trump has openly vented his frustration at current Fed Chair Jerome Powell for not lowering rates more

Take 5 - Warsh, war and worsening conditions?

Financial markets are in a buoyant mood as US President Donald Trump signals confidence that the war in Iran will end soon, with talks probably on the cards again this weekend.

Business • 17 Apr

Euro banknotes, a calculator with inflation written on it

Euro zone inflation in March revised up to 2.6% - data

Euro zone inflation leapt to 2.6% in March on the back of surging energy prices caused by the war in the Middle East, revised figures from the EU's statistics agency showed today.

Business • 16 Apr

Neil Hughes said many SMEs are on the cliff edge in the face of rising costs

Geopolitical volatility the top concern for small firms

Geopolitical volatility is now the top concern for most small firms, according to Azets Ireland.

Business • 10 Apr

Home heating oil jumps 67%, as March inflation hits 3.6%

The average price of home heating oil rocketed by 67.5% between February and March of this year, according to new figures from the Central Statistics Office.

Business • 09 Apr

The US Federal Reserve has been cutting rates since 2024, and its statement designed to lean towards more reductions in the future

Fed minutes show growing openness to rate hikes

A growing group of Federal Reserve policymakers felt last month that interest rate hikes might be needed to counter inflation that continued to exceed the Fed's 2% target, according to the minutes of their March 17-18 meeting.

Business • 09 Apr

LONDON, ENGLAND - MARCH 26: Easter Eggs are seen in a customer's shopping basket in a Sainsbury's supermarket on March 26, 2026 in London, England. People buying chocolate ahead of Easter this year are paying up to 40% more for some seasonal favorites, wh

Irish grocery sales rise by 5.2% in March

New figures show that take-home grocery sales rose by 5.2% in the four weeks to March 22 compared with the same time last year.

Business • 07 Apr

Image of an lady in a blue suit addressing an audience

Middle East war means 'all roads' lead to higher prices

The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund has told Reuters, ahead of a forecast for the world economy planned by the global lender for next week.

Business • 07 Apr

Low angle close up colour image depicting a man holding a shopping basked filled with fresh groceries

High Five: How much prices have risen since 2021

Inflation is expected to pick up again this year, but the statistics mask the full effect that five years of consistent inflation has had on shoppers' bills, writes Adam Maguire.

Business • 04 Apr