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Ireland September Inflation Eases More Than Forecast

221 days ago

(RTTNews) - Ireland's EU harmonized inflation slowed at a faster-than-expected pace in September after rising sharply in the previous month, data released by the Central Statistics Office showed Thursday.

Inflation measured under the harmonized index of consumer prices (HICP) slowed to 2.4 percent in September from 2.6 percent in August. In July, the figure was 2 percent. Economists had expected inflation to weaken to 2.5 percent in September.

Transportation costs were higher by 7.8 percent compared to last year, and housing and utility prices by 5.6 percent. There was a 0.8 percent year-on-year rise in food and non-alcoholic beverages prices during the month, and a 0.7 percent drop in clothing and footwear prices.

The HICP edged down 0.1 percent compared to August, when it gained 0.8 percent. Economists expected prices to remain unchanged month-on-month

At the same time, the consumer price index (CPI) increased 1.6 percent annually in September, after rising 2 percent in the previous month. Sequentially, consumer prices dropped 0.1 percent during the month, following August's 0.6 percent rise.

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