Irish Inflation Rate Steady in June


Ireland annual inflation rate was unchanged at 0.4 percent in June of 2014, the same rate recorded in the previous month, as a drop in food and transport prices was enough to offset higher cost of alcoholic drinks and tobacco.

Year-on-year, the most notable price increases were recorded for education (+4.5 percent), alcoholic beverages & tobacco (+4.1 percent), miscellaneous goods & services (+3.9 percent) and restaurants & hotels (+2.2 percent). In contrast, there were decreases in cost of communications (-4.7 percent), clothing & footwear (-3.4 percent), furnishings, household equipment & routine household maintenance (-3.1 percent) and food & non-alcoholic beverages (-2.4 percent).

On a monthly basis, consumer prices increased 0.1 percent in June. The most significant monthly price changes were increases in transport (+1.7 percent), alcoholic beverages & tobacco (+0.8 percent) and restaurants & hotels (+0.5 percent). On the other hand, there were decreases in cost of clothing & footwear (-2.6 percent), food & non-alcoholic beverages (-0.4 percent) and furnishings, household equipment & routine household maintenance (-0.4 percent).

Prices on average, as measured by the HICP, increased by 0.5 percent compared with June 2013. On a monthly basis, prices rose 0.2 percent.

Irish Inflation Rate Steady in June


CSO | Isabel Felino | isabel.felino@tradingeconomics.com
7/10/2014 1:09:58 PM