New data from the Credit Union Consumer Sentiment Index shows that Irish consumer confidence edged higher in January, reaching its strongest level in nine months. This improvement was largely driven by a seasonal switch-off from economic news over the Christmas and New Year period, along with a touch of New Year optimism among households.

Slower inflation and discussions around grocery price competition also helped support consumers’ outlook, particularly their assessments of their personal financial circumstances. While the overall mood remains cautious and the reading still sits below long-term historical averages, the uptick suggests a modest easing of cost-of-living pressures for some families.

David Malone, CEO of the Irish League of Credit Unions, described the rise as encouraging, though likely temporary, underscoring that broader challenges for household finances and economic sentiment are still present.

This slight boost in confidence — even if seasonal — highlights the value of planning and support as consumers continue to navigate their finances. Whether you’re saving for a goal, managing household expenses, or considering a loan, your local credit union is there to help you make informed financial decisions throughout the year.