Irish inflation creeps upwards to 2.4%

June 11, 2005 

The inflation rate in Ireland, as measured by the Central Statistics Office (CSO), edged upwards to hit a five month high in May at 2.4%. This represents a 0.2% rise on the previous month when the rate stood at 2.2%. 
The major contributors to the rise were increased transportation, healthcare, and education costs. In April the EU25 average rate of inflation was 2.1%, with Latvia having the highest rate at 7.1% and Sweden the lowest at 0.4%. 
Despite the increase in the rate, Irish inflation remains very low - having hit 7% during 2000 and remaining around the 5% until the beginning of 2003. Another major factor easing any worries about the increase is Ireland's very strong GDP growth - expected to be around 5.5% this year
Irish inflation creeps upwards to 2.4 % June 11 , 2005 The inflation rate in Ireland , as measured by the Central Statistics Office ( CSO ) , edged upwards to hit a five month high in May at 2.4 % . This represents a 0.2 % rise on the previous month when the rate stood at 2.2 % . The major contributors to the rise were increased transportation , healthcare , and education costs . In April the EU25 average rate of inflation was 2.1 % , with Latvia having the highest rate at 7.1 % and Sweden the lowest at 0.4 % . Despite the increase in the rate , Irish inflation remains very low - having hit 7 % during 2000 and remaining around the 5 % until the beginning of 2003 . Another major factor easing any worries about the increase is Ireland 's very strong GDP growth - expected to be around 5.5 % this year
2.4%
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The inflation rate
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Ireland
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the Central Statistics Office
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CSO
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May
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2.4%
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a 0.2% rise
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the previous month
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the rate
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2.2%
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The major contributors
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the rise
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increased transportation
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healthcare
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education costs
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April
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the EU25 average rate
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inflation
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2.1%
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Latvia
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the highest rate
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7.1%
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Sweden
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0.4%
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the increase
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the rate
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Irish inflation
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7%
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the 5%
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the beginning of 2003
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Another major factor
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any worries
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the increase
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Ireland's very strong GDP growth
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around 5.5%
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the EU25
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