Irish consumer price inflation rises on transport and hotel hikes

Irish consumer price index inflation accelerated in January, data published by the Central Statistics Office showed Thursday.

Consumer prices in Ireland were 1.9% higher on-year in January, picking up pace from 1.4% in December.

The business sectors with the sharpest annual increases were restaurants & hotels, and transport, with 3.9%.

Pertinently, excluding energy and unprocessed food, the CPI was up 2.5% on-year in January, a step up from the 2.1% core inflation the CSO had reported for December.

On a monthly basis, overall consumer prices were 0.8% lower in January, after growth of 0.9% in December from November.

On a harmonised basis, allowing for EU-wide comparison, consumer prices rose by 1.7% on-year in January, dramatically accelerating from 1.0% in December.

On a monthly basis, harmonised consumer prices fell by 0.7% in January from December, having had increased by 0.9% in December from November.

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