Ireland's consumer price inflation accelerated further in April to the highest level in more than two years, data from the Central Statistics Office showed on Thursday.
The consumer price index climbed 3.7% year-over-year in April, slightly faster than March's increase of 3.6%. Moreover, this was the highest inflation rate since January 2024, when prices rose 4.1%.
Inflation based on housing and utilities accelerated to 8.1% from 7.2%, and that on transportation rose to 3.8% from 2.8% amid higher prices for diesel and petrol. Prices for clothing and footwear were 7.9% more expensive, though slower than the 9.0% surge in March.
Meanwhile, the annual price growth in food and non-alcoholic beverages eased to 2.0% from 2.3%.
On a monthly basis, consumer prices increased 0.5% versus a 1.6% rise in March. The EU measure of inflation, the harmonized index of consumer prices (HICP), rose at a stable pace of 3.6% yearly in April, as estimated. Monthly, the HICP moved up 0.5%.
