Ireland Inflation Rate Down to 0.5% in March


In Ireland, consumer prices were 0.5 percent higher in March compared with March 2012. This compares to an increase of 2.2 percent recorded in March of last year. Consumer prices, as measured by the CPI, increased by 0.4 percent in the month.

The most notable changes in the year were increases in alcoholic beverages and tobacco (+4.8 percent), education (+4.7 percent) and miscellaneous goods and services (+2.5 percent). There were decreases in communications (-5.5 percent), furnishings, household equipment and routine household maintenance (-3.3 percent) and transport (-1.4 percent).

The most significant monthly price changes were increases in clothing and footwear (+3.8 percent), miscellaneous goods and services (+1.3 percent) and transport (+1.2 percent).
 
The annual rate of inflation for services was 1.2 percent in the year to March, while goods decreased by 0.2 percent. Services, excluding mortgage interest repayments, increased by 2.1 percent in the year since March 2012.
 
The CPI excluding tobacco for March increased by 0.5 percent in the month and was up by 0.5 percent in the year. The CPI excluding energy products rose by 0.5 percent in the month and increased by 0.3 percent in the year. The CPI excluding mortgage interest increased by 0.5 percent in the month and rose by 1.0 percent in the year.

CSO | Nuno Fontes | nuno@tradingeconomics.com
4/11/2013 11:09:52 AM