Irish June Inflation Rate Unchanged at 0.4%

Irish consumer price inflation came in at 0.4 percent in the year to June 2018, unchanged from the previous month's figure.
CSO | Joana Ferreira | 7/12/2018 10:19:39 AM
The largest upward contribution to the CPI came from: housing & utilities (5.4 percent vs 5.5 percent in May), mainly due to higher rents and an increase in the price of home heating oil and electricity; restaurants & hotels (2.1 percent vs 2.4 percent), primarily due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc. and an increase in the cost of hotel accommodation; and transport (1.5 percent vs 1.4 percent), mainly due to higher prices for diesel and petrol which offset a decrease in air fares. 

On the other hand, prices fell for: miscellaneous goods & services (-3.9 percent vs -3.6 percent), primarily due to lower health and motor insurance premiums and lower prices for appliances, articles & products for personal care; food & non-alcoholic beverages (-2.1 percent vs -2.3 percent), due to lower prices across a range of products such as meat, vegetables, jam, honey, chocolate & confectionery and bread & cereals; and furnishings, household equipment & routine household maintenance (-4.1 percent vs -4 percent), due to the reduced cost of non-durable household goods, furniture & furnishings, glassware, tableware & household utensils and household textiles.

The core index, which excludes energy and unprocessed food, fell 0.2 percent in June after rising by 0.1 percent in May.

On a monthly basis, consumer prices edged up 0.1 percent in June, after a 0.6 percent surge in May. The most significant monthly price changes were increases in restaurants & hotels (0.9 percent) and transport (0.6 percent). There were decreases in clothing & footwear (-2.5 percent) and food & non-alcoholic beverages (-0.5 percent)

The harmonised index of consumer prices rose by 0.7 percent from the previous year; and by 0.1 percent from the previous month.

Irish June Inflation Rate Unchanged at 0.4%