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.

Alamy Stock Photo

Cost of consumer goods and services rises 5% since last year

The rate of inflation is still higher than it should be but less steep than previous periods.

CONSUMER PRICES IN Ireland have risen by an estimated 5% over the last year.

Data from the Harmonised Index of Consumer Prices published by the Central Statistics Office shows that prices for consumer goods and services in Ireland are estimated to have increased by 5% since September 2022.

The rate of inflation is still higher than the more standard 2% or 3% that economists tend to say countries should aim for, but less steep than previous periods.

This time last year, year-on-year inflation on consumer product stood at 8.6%. A few months earlier, in June 2022, prices had risen by 9.6% compared to the previous year.

The most recent update from the CSO shows that energy prices increased by 3.7% in the last month and by 9% since September 2022.

Food prices grew by just 0.4% in the last month but were up by 7.5% in the last 12 months.

Meanwhile, transport costs decreased by 1.2% in the month but rose 0.8% in since September 2022.

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
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