Flash estimate of Harmonised Index of Consumer Prices points to slower rate of price increases
Food prices increased 0.5 per cent in the month and are running 12.8 per cent higher year-on-year.
Energy prices fell 1.3 per cent compared to March, but were still 12.1 per cent higher compared to April 2022.Listen |Transport costs also eased, declining 0.9 per cent in the month and dropping 2 per cent over the year. The HICP excluding energy and unprocessed food is estimated to have soared 11.9 per cent since April 2022, the CSO said.
While the HICP is used to allow comparisons across euro zone countries, the official measure of Irish inflation is the Consumer Price Index , the latest release of which shows that prices rose 7.7 per cent in the year to March. Although this rate had eased back from the 8.5 per cent annual increase recorded for February, it marked the eighteenth straight month where the annual rise in the CPI was at least 5 per cent.
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