Consumer prices rise by 1.9% in January 2025
The annual change in Restaurants & Hotels costs reflects higher prices for alcoholic drinks and food consumed in licensed premises, restaurants and cafes
The Central Statistics Office has recently published the Consumer Price Index (CPI) January 2025.
Prices for consumer goods and services in January 2025 rose by 1.9% on average when compared with January 2024.
Annual changes
The most significant increases in the 12 months to January 2025 were seen in Restaurants & Hotels (+3.9%) and Transport (+3.9%).
The annual change in Restaurants & Hotels costs reflects higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc.
Monthly changes
Consumer prices in January 2025 fell by 0.8% in the month. During January 2024, prices were down by 1.3% in the month.
Alcoholic Beverages & Tobacco (+3.1%) and Health (+1.4%) were the divisions to show the largest growth when compared with December 2024.
National Average Prices
The National Average Prices for selected goods and services for January 2025 were also published recently.
Anthony Dawson, statistician in the Prices Division, CSO, said: “There were price increases in January 2025 for a pound of butter (+55c), Irish cheddar per kg (+35c), two litres of full fat milk (+18c), a 2.5kg bag of potatoes (+11c), and spaghetti per 500g (+1c).
“There were decreases in the price of an 800g loaf of brown sliced pan (-2c), and an 800g loaf of white sliced pan (-1c) when compared with January 2024.”
The comprehensive list of items included in the National Average Prices and their monthly prices are available here.
