Ireland Inflation Rate Steady at 0.1% in January


Consumer prices in Ireland increased 0.1 percent year-on-year in January of 2016, the same pace as in the previous month. Cost of miscellaneous goods & services, restaurants & hotels and education pushed the inflation up while prices of transportation, clothing and footwear and food went down. On a monthly basis, prices fell 0.8 percent, the strongest drop in a year. The harmonized index was flat compared to a year earlier while declined by 0.9 percent in the month.

Year-on-year, prices of miscellaneous goods & services (+4.0 percent from +2.6 percent in December), restaurants & hotels (+1.5 percent from +1.6 percent in December) and education (+3.8 percent, unchanged from December) increased. Contrarily, cost of transportation (-2.5 percent from -4.3 percent in the previous month), clothing and footwear (-4.1 percent from -4.1 percent), furnishings and household equipment (-1.6 percent from -1.5 percent) and food and non-alcoholic beverages (-0.9 percent from -1 percent) fell.

On a monthly basis, consumer prices declined 0.8 percent, down from a 0.1 percent drop in the previous month and the strongest fall in a year. The biggest price decreases were reported for: clothing and footwear (-10.2 percent), furnishings, household equipment (-2.3 percent) and transport (-2 percent). Alcoholic beverages and tobacco (-1.6 percent) and transport (-0.3 percent). Meanwhile, there were increases in alcoholic beverages and tobacco (+2.9 percent) and miscellaneous goods and services (+0.4 percent).

The harmonized index was flat compared to a year earlier while declined by 0.9 percent in the month.

Ireland Inflation Rate Steady at 0.1% in January


CSO | Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/18/2016 12:19:28 PM