The annual rate of inflation increased to 1.9% in May, up from 1.6% in April, a flash estimate of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office showed today.
The annual rate of inflation increased to 1.9% in May, up from 1.6% in April, a flash estimate of the Harmonised Index of Consumer Prices from the Central Statistics Office showed today.
Looking at the components of the flash reading in May, the CSO said that energy prices are estimated to have fallen by 0.3% in the month and decreased by 3.6% over the 12 months to May. Food prices remained unchanged in the month and rose by 2.3% in the last 12 months to May, while transport costs have gone up by 1.5% in the month and risen by 7.1% compared to May last year, the CSO added.
Today's"flash" inflation figures are from the Harmonised Index of Consumer Prices , a measure used to compare prices across the EU. It differs from the Consumer Price Index which remains the official measure of inflation in Ireland.Eurostat is due to publish flash estimates of inflation from the European Union tomorrow, while the CSO will publish its inflation figures for May next month.
Business Central Statistics Office Energy Prices Inflation Food Prices Harmonised Index Of Consumer Prices
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