News Karnataka
Friday, January 27 2023

Ireland’s inflation hits record high in 22 yrs

Photo Credit :

Dublin: Ireland’s inflation rate in March hit a record high in almost 22 years, according to data released by the country’s Central Statistics Office (CSO.

The average prices for goods and services in the country, as measured by the Consumer Price Index (CPI), were 6.7 per cent higher in March compared with March 2021, Xinhua news agency cited the CSO as saying.

This is the largest annual increase in the CPI since November 2000 when the annual inflation rate in Ireland soared to 7 per cent, it said.

“Prices have been rising on an annual basis since April 2021, with annual inflation of 5 per cent or more each month since October,” said Colin Cotter, a statistician with the CSO.

In March, the largest annual price increases were recorded in the sectors of transport (up 18.7 per cent), housing, water, electricity, gas and other fuels (up 17.4 per cent), and alcoholic beverages and tobacco (up 7 per cent).

Prices for diesel, petrol and airfares were 46 per cent, 35.2 per cent and 69.2 per cent higher respectively in March when compared with March 2021 while prices for electricity, gas and home heating oil increased by 22.4 per cent, 27.9 per cent and 126.6 per cent respectively compared with a year ago.

Miscellaneous goods and services, clothing and footwear, and education were the only divisions to show a price decrease when compared with March 2021, said the CSO.

In March, prices for the above-mentioned three divisions fell 1 per cent, 0.8 per cent and 0.8 per cent respectively, it said.

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp