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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IrelandIreland Harmonised Inflation Rate MoM fell to 0.0% in July 2026
FMPMonthlyReleased July 2026
Ireland Harmonised Inflation Rate MoM fell to 0.0% in July 2026, down 0.3% from June's 0.3% reading. The print came in cooler than the 0.4% consensus, a softer print than forecasters anticipated. The print is running well below the 12-month average of 0.36%. Over the past 3 months, Harmonised Inflation Rate MoM averaged 0.16%, vs 0.75% in the prior 3-month window. The reading is in the 31st percentile of the trailing 24-month range.
Latest Release
0
Actual
0.4
Consensus
0.3
Previous
Median Absolute Error
±0.14 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.36
Actual: 0
Error: +0.36
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Harmonised Inflation Rate MoM (Ireland) was reported at 0% in July 2026. This missed the market consensus of 0.4% by 0.4%. The reading fell from the previous value of 0.3%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.25%, ranging from -1% to 1.8% across 24 releases.
WHY IT MATTERS
The trailing three releases averaged 0.2%, up from the prior three at 0.07%. Volatility over the past year (σ 0.65%) is higher than the prior year (σ 0.58%). In July readings over the past 3 years, Harmonised Inflation Rate MoM has averaged 0.26%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.14%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Harmonised Inflation Rate MoM - IE
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About Harmonised Inflation Rate MoM — Ireland
DEFINITION
The Harmonised Inflation Rate MoM (Month-over-Month) is a key economic indicator that measures the change in the overall price level of goods and services in a country over a one-month period. It takes into account the prices of a wide range of consumer goods and services, providing a comprehensive view of inflation trends. This indicator is used by policymakers, investors, and businesses to monitor and analyze the impact of inflation on the economy and make informed decisions. A higher Harmonised Inflation Rate MoM indicates an increase in prices, while a lower rate suggests a decrease in inflation.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 0 %, consensus 0.4 %. Prior reading (Jul 2026): 0 %. Before that (Jul 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.43) — a useful reference for commodities-focused traders.
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Economic Calendar - IE Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | IE | Harmonised Inflation Rate YoY | 3.1 | 3.2 | 3.4 | 3.25 | Low |
| 10:00 | IE | Harmonised Inflation Rate MoM | 0 | 0.3 | 0.4 | 0.20 | Low |