Irish inflation up 4.9% in first uptick in six months
This compares with HICP inflation of 4.6% in Ireland in the 12 months to July 2023
Prices in Ireland estimated to have risen by 4.9% in the 12 months to August 2023. This is according to the Central Statistics Office (CSO), which today published the flash estimates of inflation from the EU Harmonised Index of Consumer Prices (HICP) for Ireland for August 2023.
The latest flash estimate of the Harmonised Index of Consumer Prices (HICP) indicates that prices for consumer goods and services in Ireland are estimated to have increased by 4.9% in the past year.
Looking at the components of the flash HICP in Ireland for August 2023, energy prices are estimated to have risen by 3.4% in the month and increased by 5.1% since August 2022. The HICP excluding energy and unprocessed food prices is estimated to have increased by 4.8% since August 2022.
Food prices are estimated to have remained the same as last month and were up by 7.7% in the last 12 months. Transport costs have risen by 0.7% in the month and decreased by 1.5% in the 12 months to August 2023.
