In December, consumer prices increased 0.2% over the previous month, contrasting a 0.1% decline in November. According to the Central Statistics Office (CSO), the increase in consumer prices was led by higher prices for transport (+1.8% month-on-month) and miscellaneous goods and services (+1.2% mom), which were partially offset by falling prices for clothing and footwear (-2.2% mom) and alcoholic beverages and tobacco (-1.3% mom). Annual inflation jumped from 0.6% in November to 1.3% in December, marking the highest rate in two years. Meanwhile, annual HICP inflation (based on the harmonised index of consumer prices) stepped up from minus 0.8% in November to minus 0.2% in December. According to the latest Quarterly Bulletin, the Central Bank forecasts the HICP inflation to reach 1.1% in 2011.
Inflation accelerates in December
January 20, 2011
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Ireland Economic News
October 11, 2016
Industrial production contracted 13.4% from the previous month in seasonally-adjusted terms in August, contrasting the revised 7.9% expansion in July (previously reported: +3.7% month-on-month).
October 10, 2016
In September, the KBC Bank Ireland/ESRI Consumer Sentiment Index dropped from 102.7 points in August to 102.0 points.
October 6, 2016
The Investec Services Purchasing Managers’ Index (PMI) nosedived from 59.7 in August to 56.2 in September, the lowest reading since February 2014.
October 3, 2016
The Investec Manufacturing Purchasing Managers’ Index (PMI) edged down from 51.7 in August to 51.3 in September.
September 21, 2016
The Irish national accounts data continues to be affected by distortions and volatility.