Ireland Deflation Slows Further in June

Consumer prices in Ireland decreased 0.1 percent year-on-year in June of 2015 from a 0.3 percent drop in May, driven by smaller declines in clothing, transport, food and furnishings prices.
CSO | 7/9/2015 11:26:03 AM
Compared to June 2014, the biggest price decreases were reported for: clothing and footwear (-3 percent compared to -4.2 percent in May); transport (-2.5 percent compared to -2.9 percent); food and non-alcoholic beverages (-2.2 percent compared to -2.5 percent); and furnishings, household equipment and routine household maintenance (-1.7 percent compared to -2.3 percent). 

In contrast, cost of education increased by 5.0 percent; communications by 2.1 percent; restaurants and hotels by 1.7 percent; and housing and utilities by 1.5 percent.

Annual core inflation was 0.6 percent in June, the same recorded in May.

On a monthly basis, consumer prices increased 0.3 percent, compared to a 0.4 percent growth in the previous month. Upward pressure came from: transport prices (+2.2 percent); and restaurants and hotels (+0.5 percent). Meanwhile, cost of clothing and footwear fell 1.3 percent; and housing and utilities prices declined 0.4 percent.

The harmonized index increased by 0.2 percent year-on-year and by 0.4 percent in the month.

Ireland Deflation Slows Further in June