"For the month of January, food prices are estimated to have risen by 0.2pc in the last month and increased by 3.9pc in the last 12 months, the Central Statistics Office (CSO) said. This is compared with overall inflation at 2.6pc in the year to January. This is down by 1pc from the December figure, according the EU Harmonised Index of Consumer Prices (HICP) "flash" estimate for Ireland. This index is different to the consumer price index which also measures inflation."
"The latest figures come as SuperValu has cut the price of Kerrygold by 50c, the first time we have seen a branded product price cut in ages. Prices of Kerrygold butter products will be reduced at SuperValu and Centra stores across the country, according to Musgrave, the Irish food wholesaler behind SuperValu and Centra. The reductions will be worth up to 9pc across the Kerrygold range, with customers due to save up to €0.50 on Kerrygold products."
Food prices increased by 0.2% in January and by 3.9% over the past 12 months. Overall harmonised inflation (HICP) was 2.6% year-on-year in January, down one percentage point from December. The harmonised index excludes mortgage costs. Energy prices fell 0.8% in the month but rose 0.3% over the year, reflecting lower crude oil and pump prices. Service prices fell 1.1% in the month and rose 3.3% over the year to January 2026. SuperValu and Centra will reduce Kerrygold butter prices by up to €0.50 (around 9%), with specific lines cut from €5.49 to €4.99 and €3.29 to €2.99. SuperValu earlier cut prices on 500 grocery staples by up to 10%.
Read at Irish Independent
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