Ireland Inflation Eases to 0.5% in November

Irish consumer prices increased 0.5 percent year-on-year in November of 2017, easing from 0.6 percent in the previous month. Prices increased less restaurants and hotels and education and continued to fall for food.
CSO | Stefanie Moya | 12/14/2017 12:07:59 PM

Year-on-year, prices advanced at a softer pace for restaurants and hotels (2.6 percent compared to 2.7 percent in October) and education (1.6 percent compared to 1.8 percent) and declined for food and non-alcoholic beverages (-1.2 percent, the same as in October). In addition, cost fell for miscellaneous goods and services (-0.9 percent compared to 0.3 percent); alcoholic beverages and tobacco (-0.2 percent compared to 1.2 percent); furnishings and household equipment (-3.4 percent compared to -3.6 percent) and clothing and footwear (-3.5 percent compared to -4.7 percent). On the other hand, prices rose at a faster pace for housing and utilities (3.7 percent compared to 3.1 percent); transport (0.9 percent compared to 0.6 percent) and health (1.2 percent compared to 0.9 percent).

Annual core inflation rate, which excludes energy and unprocessed food, declined to 0.1 percent from 0.4 percent in October.

On a monthly basis, consumer prices went down 0.2 percent compared to a 0.1 percent drop in October. The most significant monthly price changes were decreases in restaurants and hotels (-0.8 percent) and recreation and culture (-0.8 percent), while there were increases in clothing and footwear (2.0 percent) and transport (0.5 percent).

The harmonized index remained unchanged compared to the previous year and the previous month, at 0.5 percent and -0.1 percent respectively.

Ireland Inflation Eases to 0.5% in November