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Bread prices up but spuds drop by 20c per 2.5 kg

Prices rose by 9.1% in the year to July 2022, the same level of inflation as June, CSO data shows.

This remains the largest annual increase in the Consumer Price Index (CPI) since Q2 1984 when annual inflation was 9.7%.

The divisions with the largest increases in the year to July 2022 were:

• Housing,
• Water,
• Electricity,
• Gas and other fuels (+21.6%),
• Transport (+19.4%).

Miscellaneous goods and services (-1.0%) and education (-0.7%) were the only divisions to show a decrease when compared with July 2021.

Consumer prices rose by 0.4% between June and July 2022.

The divisions with the largest increases in the month were transport (+1.8%) and food and non-alcoholic beverages (+1.5%) while the only decrease in the month was in clothing and footwear (-5.0%).

Statistician Anthony Dawson said the increases were partially offset by the price of petrol and diesel which both fell in the month to July by 3.0% and 1.1% respectively.

He added: “National average prices for selected CPI goods and services for June 2022 were also made available today by the CSO and show that diesel at €2.09 per litre and petrol at €2.15 per litre were up by 70 cents per litre (+50.7%) and 65 cents per litre (+43.7%) respectively between June 2021 and June 2022.”

The national average price for bread (large (800g) white sliced pan) was up 18 cents in the year to June 2022, while the same size brown sliced pan was up 19 cents in the year.

Spaghetti per 500g increased by 21 cents in the year while the average price for 2.5kg of potatoes decreased by 20 cents.

Milk and cheddar

Full fat milk per two litres increased by 27 cents in the year while the average price of Irish cheddar per kg rose by €1.07 and butter per lb rose by 48 cents.

The national average price of a take-home 50cl can of lager at €2.14 was up 26 cents on average from June 2021 while a take-home 50cl can of cider at €2.43 was up 22 cents.

In June 2022, the national average price of a pint of stout in licensed premises was €5.13, up 17 cents a pint in the year, while a pint of lager was €5.53, up 22 cents compared with June 2021.