Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Shutterstock
Inflation

Consumer prices have increased by 7.7% in the year to January, CSO estimates

The CSO today published the flash estimate of inflation from the EU HICP for Ireland for January.

LAST UPDATE | 31 Jan 2023

THE EU HARMONISED Index of Consumer Prices (HICP) for Ireland has estimated that prices here have increased by 7.7% in the year to January.

This compares with HICP inflation of 8.2% in Ireland in the 12 months to December 2022 and an annual increase of 9.2% in the HICP for the Eurozone in the same period.

The Central Statistics Office (CSO) today published the flash estimate of inflation from the EU HICP for Ireland for January. 

The HICP is an index of consumer prices that has been harmonised to allow comparisons across Eurozone countries.

The CSO compiles the estimates and final results for Ireland. These are sent to Eurostat who then publishes the figures alongside results for other countries within the Eurozone. 

Looking at the components of the flash HICP for Ireland in January 2023, energy prices are estimated to have decreased by 0.1% in the month but are up by 33.1% since January 2022.

The HICP excluding energy is estimated to have increased by 5.2% since January 2022.

On a monthly basis, the EU HICP for Ireland is estimated to have decreased by 0.8% since last month.

Commenting on the data published today, CSO statistician in the prices division Anthony Dawson said: “The latest flash estimate of the HICP, compiled by the CSO, indicates that prices for consumer goods and services in Ireland are estimated to have increased by 7.7% in the past year. 

“Looking at at the components of the flash HICP in Ireland for January 2023, energy prices are estimated to be to have decreased by 0.1% in the month but are up an estimated 33.1% since January 2022. The HICP excluding energy prices is estimated to have increased by 5.2% since January 2022.”

These flash estimates are subject to revision when the final HICP results are published on 16 February.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
8
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel