Ireland: Inflation ebbs in February from the prior month
Latest reading: Harmonized consumer prices increased 2.5% in annual terms in February, following a 2.6% rise in the prior month.
Relative to the prior month’s figures, there were milder price pressures for food and non-alcoholic beverages (+3.3% in annual terms vs +3.8% in January), transportation (-0.3% vs -0.1% in January) and recreation (+4.1% vs +4.8% in January). In contrast, price pressures were higher for restaurants and hotels in February (+3.6% vs +3.3% in January). Finally, the variation in housing and utilities prices was the same as in the prior month (+2.7% in February and January).
Meanwhile, consumer prices increased 2.6% in February, following a 2.7% increase in the prior month.
Lastly, harmonized consumer prices increased 0.80% in February in month-on-month terms, following a 0.99% fall in the prior month.