Ireland's annual inflation accelerated to 4.7% in May from 4.3% in April due to rise in prices in the utility sector, the Central Statistical Office said Thursday. On a monthly basis, the consumer price index rose 0.8%, faster than 0.1% increase in the previous month.
According to the statistical office, prices of housing, water, electricity, gas and other fuels jumped 10.6% over the previous year and that of food and non-alcoholic beverages were up 7.8%. Education was 6.4% expensive and health prices recorded an increase of 6.1%. On the other hand, prices of clothing and footwear decreased 3.7% and furnishings, household equipment and routine household maintenance expenses fell .2%.
The Harmonized Index of Consumer Prices, or HICP, climbed 3.7% year-on-year, compared to 3.3% in April. Month-on-month, the HICP increased 0.6%, quicker than 0.1% in the month before.
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