Ireland’s annual consumer price inflation reached 4.3 per cent in October, up from 4.1 per cent in September. Housing and utility prices and transport rose faster than the overall index. The national reading was the highest since December 2023, while an index excluding energy and unprocessed food increased more slowly. Consumer prices increased 0.7 per cent over the month.
Ireland’s annual consumer price inflation reached 4.3 per cent in October.[1], [2]
The annual rate rose from 4.1 per cent in September. The national consumer price index reached its highest annual rate since December 2023, when inflation stood at 4.6 per cent. Ireland’s Central Statistics Office released the October figures on 11 November.[1]
Housing, water, electricity, gas and other fuels became 10.7 per cent more expensive over the year. Transport prices rose 9.0 per cent and insurance and financial services increased 4.8 per cent. Education services were the only main category with an annual decline, falling 0.6 per cent. Excluding energy and unprocessed food, the index rose 3.1 per cent annually, below the overall rate.[1]
Consumer prices increased 0.7 per cent from September. Alcoholic beverages and tobacco rose 2.6 per cent during the month, while housing and utility prices increased 2.2 per cent. Education services declined 0.8 per cent and restaurants and accommodation services fell 0.7 per cent. The separately compiled EU-harmonised index recorded annual inflation of 4.2 per cent and a monthly increase of 0.7 per cent; its product coverage differs from the national index.[1]
