Ireland Inflation Rate at 1.2% in December

Consumer Prices in December, as measured by the CPI, increased by 0.1% in the month. This compares to a decrease of 0.3% recorded in December of last year. Prices on average, as measured by the CPI, were 1.2% higher in December compared with December 2011.

The annual rate of inflation for Services was 1.3% in the year to December, while Goods increased by 1.0%. Services, excluding mortgage interest repayments, increased by 3.1% in the year since December 2011.

The most notable changes in the year were increases in Miscellaneous Goods & Services (+5.7%), Education (+4.7%), Transport (+4.2%) and Alcoholic Beverages & Tobacco (+2.7%). There were decreases in Communications (-5.4%), Furnishings, Household Equipment & Routine Household Maintenance (-2.7%) and Housing, Water, Electricity, Gas & Other Fuels (-1.9%). The most significant monthly price changes were increases in Restaurants & Hotels (+0.7%), Food & Non-Alcoholic Beverages (+0.6%) and Miscellaneous Goods & Services (+0.6%). There was a decrease in Clothing & Footwear (-1.3%).

CSO | Nuno Fontes |
1/17/2013 11:35:13 AM