Irish Consumer Prices Unchanged in September


Irish consumer prices remained unchanged in the year to September 2016, following a 0.1 percent drop in the previous month, as prices fell at a slower pace for housing and utilities, and transports. On a monthly basis, consumer prices dropped 0.4 percent after declining by 0.2 percent.

Year-on-year, prices fell at a slower pace for: Housing, water, electricity, gas and other fuels (-0.9 percent from -1.5 percent in August); and transportation (-3.2 percent from -4.6 percent). Additional downward pressure came from: Furnishings, household equipment and routine household maintenance (-3.5 percent), communications (-2.7 percent) and recreation and culture (-1.8 percent).By contrast, there were increases in miscellaneous goods and services (+4.4 percent), education (+3.8 percent), restaurants and hotels (+2.2 percent) and health (+1.6 percent).   
On a monthly basis, consumer prices fell 0.4 percent, following a 0.2 percent decrease in August. The most significant changes were decreases in transport (-2.6 percent) and recreation and culture (-0.9 percent), while there were increases in clothing and footwear (+3.3 percent) and housing and utilities (+0.8 percent).

The harmonized index decreased by 0.3 percent compared to a year earlier and fell 0.4 percent in the month.

Irish Consumer Prices Unchanged in September


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/13/2016 10:18:41 AM