Financial News: Irish Inflation Climbs To 6-month High

Irish Inflation Climbs To 6-month High

02/20/2025 - 07:01:00 (RTTNews)

(RTTNews) - Ireland's consumer price inflation accelerated further at the start of the year to the highest level in six months, data from the Central Statistics Office showed on Thursday.

The consumer price index climbed 1.9 percent year-over-year in January, faster than the 1.4 percent rise in December.

Further, this was the highest inflation since July 2024, when prices had risen 2.2 percent.

The annual price growth in food and non-alcoholic beverages quickened to 2.6 percent from 2.0 percent. Inflation based on transportation also rose to 3.9 percent from 1.6 percent. Expenses in connection with restaurants and hotels also grew 3.9 percent.

Excluding energy and unprocessed food, the consumer price inflation was 2.5 percent.

EU-harmonized inflation also rose to an eight-month high of 1.7 percent from 1.0 percent in the prior month. In the flash report, the rate of inflation was 1.5 percent.

On a monthly basis, consumer prices decreased 0.8 percent in January after rising 0.9 percent in December. The HICP showed a rise of 1.7 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023 (21 min(s), 11 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

U.S. Existing Home Sales Pull Back Sharply In January (35 min(s), 11 sec(s) ago)
(RTTNews) - Existing home sales pulled back sharply in the month of January, according to a report ...Full Story»

UK Budget Logs Surplus In January (02 hr(s), 16 min(s), 11 sec(s) ago)
(RTTNews) - The UK budget logged a record surplus for the month of January on self-assessed taxes ...Full Story»

Eurozone Private Sector Expands In February (02 hr(s), 54 min(s), 11 sec(s) ago)
(RTTNews) - The euro area private sector managed to grow for the second straight month in February ...Full Story»

Mexico Q4 GDP Growth Eases More Than Estimated (03 hr(s), 22 min(s), 11 sec(s) ago)
(RTTNews) - Mexico's economic growth eased slightly more than initially estimated in the fourt ...Full Story»

Latvia Producer Prices Fall 0.3% (03 hr(s), 41 min(s), 11 sec(s) ago)
(RTTNews) - Latvia's producer prices decreased in January after rising for the first time in e ...Full Story»

Ireland Wholesale Prices Rise 2.1% (04 hr(s), 14 min(s), 11 sec(s) ago)
(RTTNews) - Ireland's wholesale prices increased for the third straight month in January, data ...Full Story»

Czech Economic Confidence Rises Slightly (04 hr(s), 54 min(s), 11 sec(s) ago)
(RTTNews) - The Czech economic confidence improved somewhat in February after weakening in the pre ...Full Story»