Irish Inflation Rate at 6-Month Low

Consumer prices in Ireland declined 0.3 percent year-on-year in March of 2016 after 0.1 percent drop in the previous month, the lowest since September of 2015. The largest downward pressure came from transport, housing and utilities, furnishings, clothing and footwear food and non-alcoholic beverages. On a monthly basis, prices edged up 0.4 percent.

Compared to March 2015, transport cost fell 5.9 percent, housing and utilities declined 1.0 percent and furnishings, clothing and footwear declined 2.3 percent, household equipment and routine household maintenance dropped 2.9 percent and food and non-alcoholic beverages went down 0.5 percent. 

There were increases in miscellaneous goods and services (+4.3 percent), education (+3.8 percent), alcoholic beverages and tobacco (+0.4 percent) and restaurants and hotels (+1.7 percent).   

On a monthly basis, consumer prices rose at the same pace as in February, by 0.4 percent. The divisions which caused the largest upward contribution were clothing and footwear (prices up 3.3 percent) and restaurants and hotels (prices up 0.7 percent) while cost of food and non-alcoholic beverages fell 0.9 percent. 

The harmonized index fell 0.6 percent year-on-year and rose 0.3 percent during the month.

Irish Inflation Rate at 6-Month Low

CSO | Yekaterina Guchshina |
4/7/2016 11:21:38 AM