Irish Inflation Rate Up to 5-Month High
Ireland’s annual inflation rate increased slightly to 0.3 percent in April of 2014 from 0.2 percent in the previous month, due to higher prices of alcoholic drinks, tobacco, health and motor insurance premiums.
5/8/2014 11:41:02 AM
On a yearly basis, the biggest increasees were reported for prices of education (4.5 percent), alcoholic beverages and tobacco (3.7 percent), miscellaneous goods and services (3.2 percent) and restaurants and hotels (2.0 percent). There were decreases in cost of clothing and footwear (-3.7 percent), communications (-3.3 percent), furnishings, household equipment and routine household maintenance (-3.1 percent) and food and non-alcoholic beverages (-2.1 percent).
On a monthly basis, the CPI increased by 0.1 percent. The biggest increases were reported for prices of transport (+0.5 percent) and miscellaneous goods and services (+0.3 percent). There cost of furnishings, household equipment and routine household maintenance decreased by 0.8 percent and the prices of alcoholic beverages and tobacco dropped by 0.3 percent.
The Harmonised Index of Consumer Prices was flat on the month and increased 0.4 percent year-on-year.