Consumer Prices in November, as measured by the CPI, increased by 0.6% in the month. This compares to an increase of 0.3% in November of last year. The annual rate of inflation increased to 5.0%, up from 4.8% in October 2007.
The EU Harmonised Index of Consumer Prices (HICP) rose by 0.5% in the month, compared to no change in November 2006. The annual rate of inflation, as measured by the HICP, increased from 3.0%in October to 3.5% in November.
There were decreases in Clothing & Footwear (-3.2%) and Furnishings (-1.8%). The annual rate of inflation for Services was 6.4% in November, while Goods increased by 3.5% in the year. The most significant monthly price changes were increases in Clothing & Footwear (+1.8%),
The main factors contributing to the monthly change were as follows:
• Clothing & Footwear rose with higher prices for both clothing and footwear.
• Transport rose due to higher petrol and diesel prices.
The CPI excluding tobacco index for November was up 0.6% in the month and up 4.8% in the year. The CPI excluding energy products index was up 0.4% since October and increased by 4.6% in the year. The CPI excluding mortgage interest increased by 0.5% in the month and rose by 3.4% in the year.
Central Statistics Office Ireland
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