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Inflation edging upwards as fuel costs drop slightly
Pic: Hai Nguyen on Unsplash
30 May 2024 ireland Print

Inflation edging upwards as fuel costs drop slightly

The EU Harmonised Index of Consumer Prices (HICP) for Ireland is estimated to have risen by 1.9% in the 12 months to May 2024 and increased by 0.5% since April 2024.

This compares with HICP inflation of 1.6% in Ireland in the 12 months to April 2024 and an annual increase of 2.4% in the HICP for the euro zone in the same period, CSO data shows.

Energy prices are estimated to have fallen by 0.3% in the month and decreased by 3.6% over the 12 months to May 2024.

Food prices remained unchanged in the month and rose by 2.3% in the last 12 months to May 2024.

The HICP excluding energy and unprocessed food is estimated to have increased by 2.5% since May 2023.

Transport costs have gone up by 1.5% in the month and risen by 7.1% in the 12 months to May 2024.

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