Ireland Inflation Rate Slows Further in July


Irish annual inflation rate edged down to 0.3 percent in July of 2014, from a 0.4 percent in the previous month as cost of food, housing and clothing fell.

Year on year, price decreases were reported for: communications (-5.1 percent), clothing & footwear (-3.6 percent), furnishings, household equipment & routine household maintenance (-3.3 percent) and food & non-alcoholic beverages (-3.0 percent). In contract, the cost increased for:  education (+4.5 percent), alcoholic beverages & tobacco (+3.7 percent), miscellaneous goods & services (+2.8 percent) and restaurants & hotels (+2.5 percent).

On a monthly basis, consumer prices decreased by 0.2 percent in July.  Prices fell for clothing & footwear (-7.0 percent), miscellaneous goods & services (-1.1 percent) and furnishings, household equipment & routine household maintenance (-1.1 percent). There were increases in the cost of transportation (+1.8 percent), restaurants & hotels (+0.5 percent) and alcoholic beverages and tobacco (+0.4 percent).


Ireland Inflation Rate Slows Further in July


CSO | Isabel Felino | isabel.felino@tradingeconomics.com
8/7/2014 2:03:11 PM