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Ireland’s annual consumer price inflation rate accelerated last month, numbers from the nation’s Central Statistics Office showed on Thursday.
Year-on-year consumer price inflation picked up 1.4% in December, from 1.0% in November. It was the sharpest pace of annual consumer price growth since August.
The highest annual rise was in restaurants & hotels, where prices climbed 3.7%, followed by recreation & culture, up 3.3%. The sharpest on-year on-year contraction was in clothing & footwear, where prices fell 8.0%. The only other sector to see an annual decrease was furnishings, household equipment & routine household maintenance, down 1.3%.
On-month, consumer prices increase 0.9%, following a 0.5% slip in November from October.
Harmonised annual inflation, which allows for EU-wide comparison, accelerated to 1.0% in December, from 0.5% in November.
Harmonised consumer prices increased by 0.9% in December from November, following a decline of 0.5% in November from October.
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