Dublin 13. júna (Financeflashnews) – Consumer prices in Ireland continued to rise at the same year-over-year pace in May as the previous month, keeping inflation at its lowest level in nearly three years. The latest figures from the Irish Central Statistics Office (CSO) were reported by the tradingeconomics.com portal.
Slowdown in Price Growth:
- The year-on-year inflation rate in Ireland remained at 2.6% in May, matching the April figure and the lowest level of inflation since July 2021.
- The growth of food and non-alcoholic beverage prices, as well as alcohol prices, moderated in May.
- The cost of healthcare and culture and recreation also rose at a slower pace.
Rising Energy and Transport Costs:
On the other hand, the pace of growth in housing and related energy costs accelerated. Transportation costs also rose at a faster rate in May than in April.
Month-on-Month Growth:
- In month-on-month terms, consumer prices in Ireland rose by 0.5% in May.
- The pace of growth accelerated from 0.2% in April.
Outlook:
The future path of inflation in Ireland is expected to be influenced by a number of factors, including energy prices, global supply chain developments, and domestic economic activity.
Sources:
- tradingeconomics.com
