Ireland Deflation Deepens in April


Consumer prices in Ireland decreased 0.7 percent year-on-year in April of 2015, recording the largest fall since June 2010. It is the fifth consecutive month of decline, driven by lower transport and food cost.

Year-on-year, the biggest price decreases were reported for: transport (-6.0 percent); clothing and footwear (-4.5 percent); food and non-alcoholic beverages (-2.4 percent) and furnishings, household equipment and routine household maintenance (-2.4 percent). Cost of education increased by 5.0 percent, restaurants and hotels by 1.7 percent; and housing, water, electricity, gas and other fuels by 1.7 percent.

On a monthly basis, consumer prices were stable in April, compared to a 0.6 increase in the previous month. The biggest price decreases were reported in transport (-0.7 percent); alcoholic beverages and tobacco (-0.4 percent); and furnishings, household equipment and routine household maintenance (-0.4 percent). In contrast, cost of restaurants and hotels and miscellaneous goods and services increased by 0.5 percent and 0.3 percent respectively.

The harmonized index decreased 0.4 percent year-on-year and 0.1 percent month-over-month.

Ireland Deflation Deepens in April


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/14/2015 6:03:15 PM