12th Dec 2024 11:31
(Alliance News) - Irish inflation sped up on an annual basis in November, despite prices actually declining from October, data published by the Central Statistics Office showed Thursday.
The consumer price index rose by 1.0% in November from a year before, accelerating from an annual rise of 0.7% in October.
The sharpest annual rise was in restaurants & hotels, where prices rose 3.8%, followed by alcoholic beverages & tobacco, up 3.5%. The sharpest on-year contractions in prices were in clothing & footwear, down 7.5%, and transport, down 1.6%.
On a monthly basis, the price index declined by 0.5% in November, after rising by 0.3% in October from September.
Pertinently, the sectors with the largest monthly falls in prices were recreation and culture at 2.6% and beverages and tobacco at 1.2%.
Harmonised annual inflation, allowing for EU-wide comparison, accelerated to 0.5% in November from 0.1% in October.
Harmonised consumer prices declined by 0.5% in November from October, after a rise of 0.3% in October from September.
By Tom Budszus, Alliance News slot editor
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