Irish Inflation Rate Falls to 0.2% in August

In August, Ireland's consumer prices were, on average, 0.2 percent higher compared with August of 2012. The inflation rate is 0.5 p.p. points down from 0.7 percent in July. The slowdown was due to lower clothing and transport prices.

The most notable changes in the year were increases in alcoholic beverages and tobacco (+5.4 percent), education (+4.8 percent) and restaurants and hotels (+1.6 percent). There were decreases in clothing and footwear (-5.1 percent), furnishings, household equipment and routine household maintenance (-4.0 percent) and transport (-3.3 percent).

The annual rate of inflation for services was 1.5 percent in the year to August, while goods decreased by 1.5 percent. Services, excluding mortgage interest repayments, increased by 2.3 percent in the year since August 2012.

Consumer Prices in August, as measured by the CPI, increased by 0.1 percent month on month. This compares to an increase of 0.6 percent recorded in August of last year.

Irish Inflation Rate Falls to 0.2% in August

CSO | Nuno Fontes |
9/12/2013 11:11:25 AM