Central Statistics Office Ireland released the Consumer Price Index for September 2007. Consumer Prices in September, as measured by the CPI, increased by 0.3% in the month. This is the same as the monthly increase recorded in September of last year.
The annual rate of inflation fell to 4.6%, down from 4.8% in August. The EU Harmonised Index of Consumer Prices (HICP) increased by 0.3% in the month, compared with a decrease of 0.3% in September 2006. The annual rate of inflation, as measured by the HICP, increased from 2.3% in August to 2.9% in September.
The most notable changes in the year were increases in Housing, Water, Electricity, Gas & Other Fuels (+18.8%), Education (+4.6%) and Restaurants & Hotels (+3.8%). There were decreases in Clothing & Footwear (-4.0%) and Furnishings, Household Equipment & Routine Household Maintenance (-1.9%).
The annual rate of inflation for Services was 7.9% in September, while Goods increased by 1.0% in the year. The most significant monthly price changes were increases in Clothing & Footwear (+4.7%) and Miscellaneous Goods & Services (+2.0%). These increases were partially offset by a decrease in Transport (-0.9%)
The main factors contributing to the monthly change were as follows:
- Clothing & Footwear rose due to the continuing recovery in prices following the conclusion of the traditional summer sales.
- Miscellaneous Goods & Services increased due to an increase in the cost of medical insurance and higher house insurance premiums.
- Transport fell due to a decrease in petrol prices and lower air fares.
The CPI excluding energy products index was up 0.4% since August and increased by 4.6% in the year.
The annual rate of inflation fell to 4.6%, down from 4.8% in August. The EU Harmonised Index of Consumer Prices (HICP) increased by 0.3% in the month, compared with a decrease of 0.3% in September 2006. The annual rate of inflation, as measured by the HICP, increased from 2.3% in August to 2.9% in September.
The most notable changes in the year were increases in Housing, Water, Electricity, Gas & Other Fuels (+18.8%), Education (+4.6%) and Restaurants & Hotels (+3.8%). There were decreases in Clothing & Footwear (-4.0%) and Furnishings, Household Equipment & Routine Household Maintenance (-1.9%).
The annual rate of inflation for Services was 7.9% in September, while Goods increased by 1.0% in the year. The most significant monthly price changes were increases in Clothing & Footwear (+4.7%) and Miscellaneous Goods & Services (+2.0%). These increases were partially offset by a decrease in Transport (-0.9%)
The main factors contributing to the monthly change were as follows:
- Clothing & Footwear rose due to the continuing recovery in prices following the conclusion of the traditional summer sales.
- Miscellaneous Goods & Services increased due to an increase in the cost of medical insurance and higher house insurance premiums.
- Transport fell due to a decrease in petrol prices and lower air fares.
The CPI excluding energy products index was up 0.4% since August and increased by 4.6% in the year.
