Inflation rises by 0.5% in November 2024 – CSO
Food prices have increased by 1.7% in the last 12 months (Photo by cottonbro studio via Pexels)
The Central Statistics Office (CSO) has today (28 November 2024) published the flash estimates of inflation from the EU Harmonised Index of Consumer Prices (HICP) for Ireland for November 2024.
Anthony Dawson, statistician in the Prices Division, said: “The latest flash estimate of the Harmonised Index of Consumer Prices (HICP), compiled by the CSO, indicates that prices for consumer goods and services in Ireland are estimated to have increased by 0.5% in the past year.”
Looking at the components of the flash HICP in Ireland for November 2024, energy prices are estimated to have risen by 0.2% in the month and decreased by 7.7% since November 2023.
The HICP excluding energy and unprocessed food prices is estimated to have grown by 1.5% since November 2023.
Food prices are estimated to have risen by 0.3% in the last month and increased by 1.7% in the last 12 months.
Transport costs have fallen by 0.8% in the month and declined by 1.7% in the 12 months to November 2024.
The corresponding rate for the Eurozone will be published on 29 November 2024.
These flash estimates are subject to revision when the final HICP results are published next month.
