Ireland Inflation At 17-month High

By | October 11, 2018

Ireland’s consumer cost inflation accelerated in September, after slowing in the previous month, to its highest level in almost one-and-a-half years, preliminary data from the Central Data Office showed on Thursday.

The customer rate index rose 0.9 percent year-on-year following a 0.7 percent increase in August. Inflation was the highest since April 2017, when it was at the very same level.

Price development was mainly driven by greater energy expenses.

On a month-on-month basis, customer prices dropped for the very first time because April, down 0.4 percent after a 0.3 percent boost in August.

The harmonized index of customer prices, or HICP, which is meant for EU comparison, rose 1.2 percent year-on-year following a 0.9 percent boost in August.

Compared to the previous month, the HICP decreased 0.3 percent in September, completely eliminating a similar size gain in the previous month.

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