Irish Inflation Rate Rises to 4-Month High in August


Irish consumer prices increased by 0.4 percent in the year to August 2017, recovering from a 0.2 percent fall in the previous month. It was the highest inflation rate since April, mainly boosted by rising prices of housing and utilities, restaurants and hotels, and transport.

Year-on-year, the largest upward contribution to the CPI came from: Housing, water, electricity, gas and other fuels (3.2 percent from 2.1 percent in July); restaurants and hotels (2.6 percent from 2.4 percent); and transport (2.2 percent from 0.1 percent). In contrast, cost fell for: Clothing and footwear (-4.8 percent from -5.9 percent in July); food and non-alcoholic beverages (-1.7 percent from -2 percent) and furnishings, household equipment and routine household maintenance (-3.8 percent from -4.3 percent).

Annual core inflation rate, which excludes energy and unprocessed food, rose to 0.4 percent from -0.1 percent in July.
  
On a monthly basis, consumer prices increased 0.4 percent after showing no change in July. The most significant monthly price changes were increases in clothing and footwear (6.1 percent) and furnishings, household equipment and routine household maintenance (0.7 percent). There were decreases in alcoholic beverages and tobacco (-0.8 percent) and recreation and culture (-0.3 percent).

The harmonized index rose by 0.4 percent compared to a year earlier and by 0.4 percent in the month.

Irish Inflation Rate Rises to 4-Month High in August


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/7/2017 11:52:36 AM