Airgead
Money
Prices, interest rates and the household budget, and how decisions in Dublin, Frankfurt and Washington land in North Kildare.
Checked 13 Oct, 08:38 · Irish time
Irish inflation
4.1%
ECB deposit rate
2.50%
New mortgage rate
3.48%
€1 buys
£0.8448
Prices % change on a year earlier
Show as a table
| Period | CPI | HICP |
|---|---|---|
| Sept 26 | 4.1% | 3.8% |
| Aug 26 | 3.7% | 3.4% |
| Jul 26 | 3.4% | 3.1% |
| Jun 26 | 3.4% | 3.2% |
| May 26 | 3.6% | 3.5% |
| Apr 26 | 3.7% | 3.6% |
| Mar 26 | 3.6% | 3.6% |
| Feb 26 | 2.7% | 2.5% |
| Jan 26 | 2.7% | 2.5% |
| Dec 25 | 2.8% | 2.7% |
| Nov 25 | 3.2% | 3.1% |
| Oct 25 | 2.9% | 2.8% |
| Sept 25 | 2.7% | 2.7% |
| Aug 25 | 2% | 1.9% |
| Jul 25 | 1.7% | 1.6% |
| Jun 25 | 1.8% | 1.6% |
| May 25 | 1.7% | 1.4% |
| Apr 25 | 2.2% | 2% |
| Mar 25 | 2% | 1.8% |
| Feb 25 | 1.8% | 1.4% |
| Jan 25 | 1.9% | 1.7% |
| Dec 24 | 1.4% | 1% |
| Nov 24 | 1% | 0.5% |
| Oct 24 | 0.7% | 0.2% |
| Sept 24 | 0.7% | 0% |
| Aug 24 | 1.7% | 1.1% |
| Jul 24 | 2.2% | 1.5% |
| Jun 24 | 2.2% | 1.5% |
| May 24 | 2.6% | 2% |
| Apr 24 | 2.6% | 1.6% |
| Mar 24 | 2.9% | 1.7% |
| Feb 24 | 3.4% | 2.3% |
| Jan 24 | 4.1% | 2.7% |
| Dec 23 | 4.6% | 3.2% |
| Nov 23 | 3.9% | 2.5% |
| Oct 23 | 5% | 3.6% |
What’s driving it September 2026, % change on a year earlier
What the ECB rate means for your mortgage
Tracker
Your rate is the ECB’s main refinancing rate, 2.65% now, plus the fixed margin in your loan offer. When the ECB moves, your rate moves by the same amount, and your lender tells you when your repayments change.
Variable
Your lender sets the rate. Variable rates often follow the ECB, but lenders decide whether and when to pass a change on. New variable-rate mortgages averaged 4.11% in July 2026.
Fixed
Nothing changes until your fixed period ends; then you choose a new fixed rate or move to your lender’s variable rate. New fixed-rate mortgages averaged 3.44% in July 2026. Lenders price fixed rates on what markets expect, so they can move before the ECB does.
On a €300,000 mortgage over 30 years at the average new rate of 3.48%, repayments are about €1,344 a month, and each quarter-point rise adds about €42. Try your own figures →
Recent ECB decisions
| Took effect | Deposit | Refi | Change |
|---|---|---|---|
| 16 Sept 2026 | 2.50% | 2.65% | +0.25 |
| 17 Jun 2026 | 2.25% | 2.40% | +0.25 |
| 11 Jun 2025 | 2.00% | 2.15% | −0.25 |
| 23 Apr 2025 | 2.25% | 2.40% | −0.25 |
| 12 Mar 2025 | 2.50% | 2.65% | −0.25 |
| 5 Feb 2025 | 2.75% | 2.90% | −0.25 |
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