Irish February Inflation Rate Picks Up to 0.5%


Consumer prices in Ireland rose 0.5 percent year-on-year in February of 2018, the most since November and compared to a 0.2 percent increase in the previous month.

Year-on-year, cost increased at a faster pace mainly for: housing & utilities (4 percent vs 3.7 percent in January); restaurants & hotels (2.3 percent vs 1.9 percent) and alcoholic beverages & tobacco (3 percent vs 2.8 percent). Meantime, prices recovered for transport (0.7 percent vs -0.2 percent), mostly due to a peak in airline fares (11 percent vs 1.7 percent).

In contrast, cost fell for food & non-alcoholic beverages (-1.8 percent vs -1.7 percent); recreation & culture (-0.7 percent vs -1.7 percent); clothing & footwear (-2.8 percent vs -3.1 percent); health (-0.2 percent vs 0.5 percent); furniture & household equipment (-3.5 percent vs -3 percent) and miscellaneous goods & services (-2.5 percent vs -2 percent).

Annual core inflation rate, which excludes energy and unprocessed food, was up to 0.4 percent from 0.2 percent in the previous month and marking the highest rise since October.

On a monthly basis, consumer prices inched up 0.9 percent, after a 0.7 percent decline in January. The largest upward contributions came from clothing & footwear (6.7 percent); transport (1.7 percent); restaurants & hotels (0.9 percent) against a decline in food & non-alcoholic beverages (-1 percent).

The harmonized index rose by 0.7 percent compared to a year earlier (0.3 percent in January) and increased by 0.9 percent in the month (-0.7 percent in January).

Irish February Inflation Rate Picks Up to 0.5%


CSO | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/15/2018 12:10:02 PM