Irish inflation hit 8% in February
Energy prices have increased by 29.2% since February 2022
Energy prices are up by 29.2% year-on-year
Prices in Ireland are estimated to have risen by 8.0% in the 12 months to February 2023, and by 1.4% in the month from January 2023. In January, HICP inflation was at 7.5% in Ireland.
This is according to the EU Harmonised Index of Consumer Prices (HICP) for Ireland, which said Eurozone inflation is at 8.6%.
While energy prices are estimated to have fallen by 0.2% in the month, they have increased by 29.2% since February 2022. Excluding energy, the HICP is estimated to have grown by 5.8% since February 2022.
