Inflation likely to rise to 4% out to April on foot of Iran crisis

Irish petrol and diesel prices have now both increased to, or above, €2 per litre as the geopolitical crisis involving Iran continues to impact global energy markets. Economic forecasts indicate that national inflation is likely to rise to 4% by April 2026. The surge in fuel costs is expected to have a significant knock-on effect on transport and consumer goods, placing further pressure on the Irish economy and household budgets.