The annual rate of inflation in Ireland slowed to 8.9% in November from 9.2% in October, the latest consumer price index from the Central Statistics Office (CSO) shows.
The rate of inflation has been at least 5% for the past 14 months, and the increase was again driven by high inflation in the cost of housing, water, electricity, gas & other fuels (+27.1%) and food & non-alcoholic beverages (+11.2%).
"Increased energy costs are reflected in the yearly increase of housing, water, electricity, gas & other fuels with electricity up 63.5%, gas up 88.7%, liquid fuels (home heating oil) up 57.1% and solid fuels up 46.8% in the year," said Anthony Dawson, statistician in the prices division at the CSO.
"The annual change in food & non-alcoholic beverages costs reflects a rise in prices across a range of products such as fresh whole milk (+32.7%), sugar (+24.8%), butter (+23.0%), eggs (+20.8%) and bread (+17.7%) compared with November 2021."
Transport (+1.1%) and restaurants & hotels (+1.2%) also saw price increases, and education (-7.1%) and miscellaneous goods & services (-0.2%) were the only division measures that recorded annual price increases.
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"Food & non-alcoholic beverages increased due to higher prices across a range of products such as such as meat, bread & cereals, milk, cheese & eggs and vegetables," Dawson said.
The monthly rate of inflation was 0.3%, with clothing & footwear (+1.9%) and food & non-alcoholic beverages (+0.7%) seeing the biggest price increases in November while only alcohol & tobacco (-0.4%) and education (-0.4%) saw declines.
The CSO also published its national average prices for selected goods and services in November, highlighting prices increases for an 800g loaf of white/brown sliced pan (+28 cent), two litres of full fat milk (+55c), and a pound of butter (+77c) year-on-year.
The price of 500g of spaghetti has risen 26c year-on-year while the average price of a 2.5kg bag of potatoes was unchanged. Irish cheddar per kg was up €1.40.
The national average price of a take-home 50cl can of lager at €2.17 was up 26c on average from November 2021, while a take-home 50cl can of cider at €2.47 was up 28c.
In November 2022, the national average price of a pint of stout in licensed premises was €5.16, up 21c a pint in the year, while a pint of lager was €5.57, up 26c compared with November 2021.
Eurostat reported recently that eurozone inflation was 10% in November after declining for the first time in 17 months.
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