Irish Inflation Up to 0.7% in June


In June, Ireland's consumer prices were, on average, 0.7 percent higher compared with June of 2012. The biggest price increases were registered in education, up 4.8 percent, and alcoholic beverages and tobacco, up 4.4 percent.

Alcoholic beverages and tobacco rose due to higher prices for alcohol sold in off licences and supermarkets and higher tobacco prices. Food and non-alcoholic beverages (+1.7 percent) rose mainly due to an increase in the price of vegetables and meat.

The sharp increases in education and alcoholic beverages and tobacco were offset by decreases in furnishings, household equipment and household maintenance (-3.2 percent), communications (-2.4 percent) and transport (-1.5 percent).

The annual rate of inflation for services was 1.6 percent in the year to June, while overall goods decreased by 0.6 percent. Services, excluding mortgage interest repayments, increased by 2.6 percent in the year since June of 2012.

In a monthly basis, June consumer prices, as measured by the CPI, increased by 0.1 percent. This compares to a decrease of 0.2 percent recorded in June of last year. The CPI excluding energy products rose by 0.2 percent in the month and increased by 0.7 percent in the year

Irish Inflation Up to 0.7% in June


CSO | Nuno Fontes | nuno@tradingeconomics.com
7/11/2013 11:22:27 AM