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Inflation in Ireland continued to pick up in February, whilst unemployment fell, according to new figures on Wednesday.
According to the Central Statistics Office, the nation’s unemployment rate fell to 4.3% in February, from 4.4% in January. The number of unemployed persons fell to 116,500 from 118,100.
In February 2022, the unemployment rate stood at 4.6%, with 122,200 people unemployed.
‘The rate of 4.3% in February 2023 was lower than the pre-pandemic level of 4.8% recorded in February 2020,’ CSO statistician John Mullane commented.
Also on Wednesday, the CSO published the flash estimates of inflation from the EU Harmonised Index of Consumer Prices for Ireland for February. Eurostat will publish the figures for the whole of the Eurozone, including Ireland, on Thursday.
The latest flash estimate of the HICP indicates that prices for consumer goods and services in Ireland are estimated to have increased by 8.0% in the past year. Prices are estimated to have risen by 1.4% since January.
Energy prices are estimated to have fallen by 0.2% in the month and increased 29% since February 2022. Food prices are estimated to have grown by 1.2% in the last month and are up by 13% in the last 12 months.
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