Irish inflation falls to 2.2% in February

Consumer Prices in February as measured by the CPI increased by 0.8 per cent in the month.

Consumer Prices in February as measured by the CPI increased by 0.8 per cent in the month.

This is the same increase as recorded in February of last year.

The annual rate of inflation fell slightly from 2.3 per cent to 2.2 per cent in February, according to the latest consumer price index.

The most notable consumer-good price increases over the past 12 months were seen in fuel prices, education and health.

READ MORE

The category of gas and other fuels rose 9.4 per cent as result of higher oil prices. On the domestic front, education costs have risen by 6.3 per cent, and health costs have increased by 5.9 per cent.

The February consumer price index again highlights the disparity between the increasingly competitive goods sector and the less dynamic services sector.

Competition in goods such as food and clothing has pushed inflation in "goods" down to an annual rate of 0.2 per cent; the corresponding rate for services is 4.1 per cent.