In January, consumer prices decreased 0.2% over the previous month, contrasting a 0.2% increase observed in December. According to the Central Statistics Office (CSO), the fall in consumer prices was led by lower prices for clothing and footwear (-9.3% month-on-month) and household equipment (-2.6% mom), which were partially offset by rising prices for health (+3.3% mom) and alcoholic beverages and tobacco (+1.5% mom). Despite the price drop, annual inflation jumped from 1.3% in December to 1.7% in January, marking the highest rate in more than two years. Meanwhile, annual HICP inflation (based on the harmonised index of consumer prices) swung from minus 0.2% in December to plus 0.2% in January. According to the latest Quarterly Bulletin from January 2011, the Central Bank forecasts HICP inflation to reach 0.3% in 2011 and 0.5% in 2012.
Inflation continues to accelerate in January
February 10, 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.