In November, consumer prices dropped 0.1% over the previous month, following no change in consumer prices in October. According to the Central Statistics Office (CSO), the negative change in consumer prices was led by lower prices of clothing and footwear, as well as alcoholic beverages and tobacco. Annual inflation stepped down from 0.7% in October to 0.6% in November, the first easing since March 2010. The reading contrasted market expectations that had inflation rising to 0.9%. Meanwhile, annual HICP inflation (based on the harmonised index of consumer prices) remained unchanged in November from the October reading of minus 0.8%. According to the latest Quarterly Bulletin, the Central Bank forecasts the harmonised index HICP inflation to reach -1.4% in 2010 before rising to 0.9% in 2011.
Inflation eases in November
December 9, 2010
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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.