Irish Inflation Rate Slows to 0.2% in September


Irish consumer price inflation eased to 0.2 percent in the year to September 2017 from a four-month high of 0.4 percent in the previous month. Prices rose at a softer pace for housing and utilities, and transport, while cost of food and non-alcoholic beverages declined further.

Year-on-year, prices rose at a softer pace for: Housing, water, electricity, gas and other fuels (2.9 percent from 3.2 percent in August); transport (1 percent from 2.2 percent). In contrast, cost fell for: Food and non-alcoholic beverages (-2 percent from -1.7 percent) and miscellaneous goods and services (-1.2 percent from -1.1 percent).

Annual core inflation rate, which excludes energy and unprocessed food, fell to 0.1 percent from 0.4 percent in August.
  
On a monthly basis, consumer prices dropped 0.6 percent after rising 0.4 percent in August. The most significant monthly price changes were decreases in transport (-3.8 percent) and communications (-2.3 percent), while there were increases in clothing and footwear (3.2 percent) and housing, water, electricity, gas and other fuels (0.6 percent).

The harmonized index rose by 0.2 percent compared to a year earlier, but fell by 0.6 percent in the month.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/12/2017 10:24:06 AM