Irish Deflation Eases In November


Irish consumer prices fell 0.1 percent in the year to November 2016, slowing from a 0.3 percent drop in the previous month, as prices fell at a slower pace for transport and leisure activities.

Year-on-year, cost declined at a slower pace for transport (-0.2 percent from -2 percent in October), and recreation and culture (-2 percent from -2.4 percent). Additional downward pressure came from: Furnishings, household equipment and routine household maintenance (-4.3 percent); clothing and footwear (-2.8 percent); communications (-2.7 percent); and food and non-alcoholic beverages (-2.4 percent). By contrast, there were increases in miscellaneous goods and services (+2.5 percent), alcoholic beverages and tobacco (+2.1 percent), restaurants and hotels (+1.9 percent) and education (+1.8 percent). 
 
Annual core inflation, which excludes energy and unprocessed food, rose to 0.3 percent from 0.1 percent the previous period.

On a monthly basis, consumer prices edged down 0.1 percent, following a 0.5 percent decrease in October. The most significant monthly price changes were decreases in restaurants and hotels (-0.7 percent) and food and non-alcoholic beverages (-0.4 percent). There were increases in alcoholic beverages and tobacco (+0.9 percent) and clothing and footwear (+0.7 percent). 

The harmonized index decreased by 0.2 percent compared to a year earlier and fell 0.1 percent in the month.

Irish Deflation Eases In November


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/8/2016 1:53:50 PM