Ireland Consumer Price Index Rises In February

Ireland consumer price

Ireland consumer price index expanded 0.9 percent in February from the preceding month, a release from central statistics office showed. The data comes on the heels of a 0.7 percent fall seen in January.

On a year-on-year too, Ireland consumer price index advanced 0.5 percent in February. The rate of expansion was faster than the 0.2 percent recorded in the preceding month.

On a monthly basis, the CPI growth was driven by 6.7 percent jump in prices of clothing and footwear while transport prices advanced 1.7 percent. Similarly, recreation and culture prices expanded 1.1 percent.

On the other hand, food and non-alcoholic beverages prices dipped 1.0 percent while alcoholic beverages and tobacco prices fell 0.6 percent.

As far as the yearly movement was concerned, housing, water, electricity, gas and other fuels price increased 4.0 percent. Similarly, hotels and education price advanced 2.3 percent and 1.6 percent respectively.

However, furnishings, household equipment and routine household maintenance price dropped 3.5 percent whereas clothing and footwear price dipped 2.8 percent. Miscellaneous goods and services price fell 2.5 percent whereas food and non-alcoholic beverages price skid 1.8 percent.

Ireland harmonized index of consumer prices (HICP) also advanced 0.9 percent in February from the previous month while yearly expansion was 0.7 percent.

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