Tuesday 24 April 2018

Irish consumers paying slightly less in Christmas run-up

Consumer goods fell 0.2pc lower than the previous month
Consumer goods fell 0.2pc lower than the previous month

The month of November saw prices for consumer goods fall 0.2pc lower than the previous month, as measured by the Consumer Price Index (CPI).

According to the latest figures from the Central Statistics Office (CSO), this compared to a month on month drop of 0.4pc in prices in November 2012.

Costs for transport and health saw the most significant monthly decreases with drops of 1.4pc and 0.8pc recorded respectively, compared with October this year.

However, consumers forked over more for restaurants and hotels (up 0.6pc) – and alcohol and tobacco (up 0.4pc) – in a monthly comparison.

Overall, prices on average – as measured by the CPI – rose 0.3pc higher than November of last year.

Again, the restaurant and hotel sector saw an increase - with a rise of 3.1pc recorded by the CSO.

However, prices for alcohol and tobacco (up 6.2pc), and education (up 4.5pc) top the bill in yearly changes.  

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