Irish Deflation Eases in October


Consumer prices in Ireland decreased by 0.2 percent year-on-year in October of 2015, easing from a 0.3 percent drop in the previous month, as cost of transportation, clothing, furnishings and food declined at a slower pace.

Year-on-year, the biggest downward pressure came from: transport prices (-5.4 percent against -5.5 percent in September); cost of clothing and footwear (-3.3 percent against -4 percent); cost of furnishings and household equipment (-2.3 percent against -2.6 percent); and prices of food and non-alcoholic beverages -1.3 percent against -2.2 percent). By contrast, cost of education increased by 3.8 percent; miscellaneous goods and services by 2.9 percent; communications by 1.7 percent; and restaurants and hotels by 1.5 percent.

Annual core inflation was flat at 1.2 percent in October.

On a monthly basis, consumer prices fell 0.2 percent, from a 0.3 percent drop in the previous month. The biggest price decreases were reported for: Transport (-2.1 percent); and restaurants and hotels (-0.6 percent). Meanwhile, cost of education increased by 3.6 percent and miscellaneous goods and services by 0.8 percent.

The harmonized index, which strips out mortgages, remained unchaned compared to a year earlier while declined by 0.3 percent in the month.

Irish Deflation Eases in October


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/12/2015 11:24:27 AM