In September, consumer prices dropped 0.1% over the previous month, which contrasted the 0.7% increase recorded in August. The main drivers behind the monthly price decrease were lower prices for transport, which, according to the Central Statistical Office (CSO), were due to a reduction in airfares. Despite the monthly price fall, annual inflation stepped up from 0.2% in August to 0.5% in September, marking the second consecutive month with inflation in positive territory since December 2008. Meanwhile, annual harmonised inflation (based on the harmonised index of consumer prices - HICP) stepped up from minus 1.2% in August to 1.0%. In the October Quarterly Bulletin, the Central Bank stated that it expects inflation to average minus 1.4% this year and to rebound to 1.1% next year.
Inflation remains in positive territory for a second consecutive month
October 15, 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.