In October, consumer prices registered no change over the previous month, which contrasted the 0.1% decrease recorded in September and was below market expectations of a 0.1% increase. According to the Central Statistical Office (CSO), higher prices of gas and other fuels were offset by notable price drops in clothing and footwear. Annual inflation stepped up from 0.5% in September to 0.7% in October, marking the third consecutive month that inflation was in positive territory. Meanwhile, annual HICP inflation (based on the harmonised index of consumer prices) rose from minus 1.0% in September to minus 0.8% in October. In the October Quarterly Bulletin, the Central Bank forecasts the harmonised index HICP inflation to reach minus 1.4% this year before rising to 1.1% next year. Consensus Forecast panellists anticipate consumer prices to decrease an average 1.0% this year, which is down 0.1% over last month's forecast. For 2011, the panel expects inflation to rebound to 0.8%.
Upward trend in inflation continues for a third consecutive month
November 10, 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.