Business Irish

Thursday 30 March 2017

Consumer prices up 2.2pc in the year to August

Independent.ie reporters

Consumer prices increased by 0.2pc in August bringing the annual rate of inflation to 2.2pc but a drop compared to 2.7pc in July.

The EU harmonized index increased by 0.2pc in the same month and the same as August of last year.



At home the biggest price increases were recorded in housing, water, electricity gas and other fuel.



Other goods like furniture and household maintenance costs dropped.



The cost of clothing and footwear increased due to a recovery in prices following the traditional summer sales.



Housing costs were up due to higher mortgage interest repayments.



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