(Alliance News) - Ireland's annual inflation eased in November from a record high the month prior, data from the Central Statistics Office showed on Thursday.
For the twelve months to November 2022, Ireland's consumer prices rose by 8.9%, slowing slightly from an annual increase of 9.2% in the year to October.
This marks the fourteenth straight month where the annual increase for the consumer price index in Ireland has been at least 5.0%, said CSO analyst Anthony Dawson, as prices continue to increase on a yearly basis.
The most substantial increases in the year were seen in housing, water, electricity, gas & other fuels prices, up 27%, and food & non-alcoholic beverages, up 11%.
The only divisions to show a decrease compared to last November were education, down 7.1%, and miscellaneous goods and services, down 0.2%.
On a monthly basis, consumer prices rose by 0.3%. The divisions to see the largest growth from October to November were clothing and footwear, up 1.9%, and alcoholic beverages, up 0.7%.
On a harmonised basis, allowing for EU-wide comparison, prices on average increased by 9.0% compared with November 2021. Harmonised consumer prices for the month also increased, up by 0.2% in November from October.
Similarly, price inflation across the board was reflected in elevated national average prices for some staple items.
In November 2022, the average price for bread was up 28 cents in the year, while a pint of lager was EUR5.57, up 26 cents compared with November 2021.
The average price for 2.5 kilograms of potatoes was unchanged.
By Holly Beveridge; Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2022 Alliance News Ltd. All Rights Reserved.
