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Irish Inflation Accelerates In March

Ireland's consumer price inflation increased in March, after slowing in the previous month, data released by the Central Statistical Office showed Thursday.

The consumer price index increased 2.2 percent on an annual basis in March, faster than the 2.1 percent growth seen in the previous month. In January, the inflation rate was 2.2 percent.

Housing costs and utility prices increased 3 percent year-on-year during the month, while transportation costs climbed 7.6 percent. Meanwhile, there was 0.4 percent annual decrease in food and non-alcoholic beverages prices, and a 0.7 percent drop in clothing and footwear prices.

On a monthly basis, consumer prices moved up 1 percent in March, after rising 0.9 percent in February.

The harmonized index of consumer prices (HICP), measured under the EU methodology, increased 2.2 percent annually in March, after rising 1.6 percent in the previous month. Month-on-month, the HICP advanced 1 percent during the month, following the previous month's 1.1 percent rise.

by RTTNews Staff Writer

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