Ireland's EU harmonized inflation accelerated for the second month in a row, data released by the Central Statistical Office showed Thursday.
Inflation measured under the harmonized index of consumer prices (HICP) rose to 2.6 percent in August from 2 percent in July, after holding steady at 1.9 percent in June and May.
Housing costs and utility prices advanced 5.7 percent annually during the month, while transportation costs climbed 8.2 percent. The cost of education was higher by 9.8 percent compared to last year. Meanwhile, communication costs decreased 2 percent.
On a monthly basis, the HICP moved up 0.8 percent in August, recovering from the previous month's 0.1 percent decrease.
At the same time, consumer price inflation accelerated to 2 percent in August from 1.6 percent in July. The corresponding index rose 0.6 percent compared to July, when it dropped by 0.1 percent, data showed.
by RTT Staff Writer
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