Irish inflation

Irish inflation

Irish Consumer Prices Rose 0.4 percent in May 2018
Adrian Adrian

Irish consumer prices rose 0.4 percent year on year in May 2018, missing market expectations of 0.6% but moving into positive territory, up from -0.4% in April.    Housing and utilities (Up to 5.8% from 4.8% in April) and restaurants and hotels ( up 2.4% from 2.2% in April) being the biggest contirbutors with higher rents, home heating, alcohol and accomodation being the main reasons.  Transport costs also rose moving back into positive numbers after being down -4% previously.

Goods and services, appliances, personal care products, food and non-alcoholic drinks declined further, holding inflation back slightly. 

On a month on month basis prices increased by a fairly high 0.6% in may, up from -0.2%.  The increase of 1.9% in transportation costs was the most significant factor.

  • VIA
  • Adrian
  • Central Statistics Office Ireland