Ireland Inflation Rate Decelerates in September


Irish annual inflation rate edged down to 0.3 percent in September from 0.4 percent in August, driven by lower cost of vegetables, bread, cereals and meat and a fall in prices of motor cars.

The most notable changes in the year were increases in education (+4.5 percent), alcoholic beverages and tobacco (+4.1 percent), restaurants and hotels (+2.8 percent) and miscellaneous goods and services (+2.5 percent). There were decreases in clothing and footwear (-2.6 percent), food and non-alcoholic beverages (-2.3 percent), furnishings, household equipment and routine household maintenance (-2.1 percent) and transport (-1.7 percent).

Consumer Prices decreased by 0.2 percent in the month. This compares to a decrease of 0.1 percent recorded in September of last year. The most significant monthly price changes were decreases in transport (-1.8 percent), restaurants and hotels (-0.4 percent), food and non-alcoholic beverages (-0.4 percent), recreation and culture (-0.4 percent) and furnishings, household equipment and routine household maintenance (-0.4 percent). There were increases in clothing and footwear (+3.2 percent), housing, water, electricity, gas and other fuels (+0.3 percent) and alcoholic beverages and tobacco (+0.3 percent).

Prices on average, as measured by the EU Harmonised Index of Consumer Prices increased by 0.5 percent compared with September 2013.

Ireland Inflation Rate Decelerates in September


CSO | Joana Taborda | joana.taborda@tradingeconomics.com
10/9/2014 11:23:10 AM