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Financial News: Ireland Inflation Highest Since June 2001

Ireland Inflation Highest Since June 2001

12/09/2021 - 06:25:00 (RTTNews)

(RTTNews) - Ireland's consumer price inflation accelerated to the highest since June 2001, data from the Central Statistics Office showed on Thursday.

The consumer price index increased 5.3 percent year-on-year in November, after a 5.1 percent rise in October. A similar higher inflation as seen in June 2001.

Prices for housing, water, electricity, gas and other fuels grew 12.0 percent yearly in November and those of transport increased 16.2 percent.

Prices for restaurants and hotels, and alcoholic beverages and tobacco gained by 3.9 percent and 3.4 percent, respectively.

On a month-on-month basis, consumer prices rose 0.6 percent in November, after a 0.7 percent increase in the prior month.

The EU measure of inflation, the harmonized index of consumer prices, or HICP, rose 5.4 percent annually in November, following a 5.1 percent increase in the preceding month.

On a monthly basis, the HICP increased 0.6 percent in November, after a 0.8 percent rise in the previous month.

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