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Financial News: Ireland Inflation Highest In 8 Months

Ireland Inflation Highest In 8 Months

01/16/2020 - 06:51:00 (RTTNews)

(RTTNews) - Ireland's consumer price inflation rose to the highest level in eight months in December, figures from the Central Statistics Office showed on Thursday.

The consumer price index rose 1.3 percent year-on-year in December, following a 1.1 percent increase in November.

The latest inflation was the highest since April, when it was 1.7 percent.

On a month-on-month basis, consumer prices rose 0.2 percent in December, reversing a 0.1 percent fall in the preceding month.

The EU measure of harmonized index of consumer prices, or HICP, rose 1.1 percent annually in December, following a 0.8 percent increase in the previous month.

On a monthly basis, the HICP edged up 0.2 percent in December, reversing a 0.2 percent fall in the prior month.

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