Irish Inflation Rate Decelerates to 0.1% in October

In October, Ireland’s annual inflation slowed to 0.1 percent, down from 0.2 percent in September, reaching its lowest level since July of 2010. The slowdown is mainly driven by lower transport, communications and clothing prices.

The most notable changes in the year were increases in alcoholic beverages and tobacco (+5.3 percent), education (+4.6 percent) and restaurants and hotels (+1.8 percent). There were decreases in clothing and footwear (-4.1 percent), furnishings, household equipment and routine household maintenance (-4.0 percent), communications (-3.8 percent) and transport (-2.2 percent).

The annual rate of inflation for services was 1.9 percent in the year to October, while goods decreased by 2.1 percent. Services, excluding mortgage interest repayments, increased by 2.4 percent in the year since October 2012.

Consumer prices in October, as measured by the CPI, decreased by 0.2 percent month on month. This compares to a decrease of 0.1 percent recorded in October of last year.

Irish Inflation Rate Decelerates to 0.1% in October

CSO | Krisztina Györffy |
11/7/2013 11:42:29 AM