 According to new figures from the Central Statistics Office (CSO), the annual rate of inflation in Ireland has begun to rise again after a period decline. Annualised inflation is now running at 2.2\%, up from 2.1\% in March. The figures are derived from the Consumer Price Index which is monitored by the CSO. Despite the increase, inflation remains significantly below the figure for recent years; annualised inflation peaked at 5.1\% in February 2003. The cost of clothing and footwear has dropped almost 3\% in the past year The major contributor to the rise was the cost of heating and housing with the Housing, Water, Electricity, Gas and Other Fuels group rising 10.6\% in the past 12 months - with 2\% of that rise in the last month alone. When broken down more the section marked Energy Products showed a massive 5.3\% rise in the past month alone.
Ireland's heavy reliance on imported oil is starting to cause a rise in inflation According to new figures from the Central Statistics Office (CSO), the annual rate of inflation in Ireland has begun to rise again after a period decline. Annualised inflation is now running at 2.2\%, up from 2.1\% in March. The figures are derived from the Consumer Price Index which is monitored by the CSO. Despite the increase, inflation remains significantly below the figure for recent years; annualised inflation peaked at 5.1\% in February 2003. The major contributor to the rise was the cost of heating and housing with the Housing, Water, Electricity, Gas and Other Fuels group rising 10.6\% in the past 12 months - with 2\% of that rise in the last month alone. The cost of clothing and footwear has dropped almost 3\% in the past yearWhen broken down more the section marked Energy Products showed a massive 5.3\% rise in the past month alone.
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Ireland's heavy reliance on imported oil is starting to cause a rise in inflation
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The cost of clothing and footwear has dropped almost 3\% in the past year The
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The cost of clothing and footwear has dropped almost 3\% in the past yearWhen