Irish inflation back on the rise
{{date|May 13, 2005}}
[[Image:Supertanker AbQaiq.jpg|thumb|right|250px|Ireland's heavy reliance on imported oil is starting to cause a rise in inflation]]
According to new figures from the [[w:Central Statistics Office of Ireland|Central Statistics Office (CSO)]], the annual rate of inflation in [[Ireland]] has begun to rise again after a period of decline. Annualised inflation is now running at 2.2%, up from 2.1% in March.

The figures are derived from the ''[[w:Consumer Price Index|Consumer Price Index]]'' which is monitored by the CSO. Despite the increase, inflation remains significantly below the figure for recent years.  Annualised inflation peaked at 5.1% in February 2003.

The major contributor to the rise was the cost of heating and housing with the ''Housing, Water, Electricity, Gas and Other Fuels'' group rising 10.6% in the past 12 months - with 2% of that rise in the last month alone. [[Image:Zapato.jpg|thumb|right|200px|The cost of clothing and footwear has dropped almost 3% in the past year]]When broken down more the section marked ''Energy Products'' showed a massive 5.3% rise in the past month alone.

This sharp rise in energy costs was offset somewhat by decreases (over the past 12 months) in the following groups: 
* Food and Non-Alcoholic Beverages (-0.5%)
* Clothing and Footwear (-2.8%)
* Furnishings, Household Equipment and Routine Household Maintenance (-1.4%)
* Communications (-0.2%)
* Miscellaneous Goods & Services (-1.3%).

According to the CSO the Consumer Price Index is made up of ''over 55,000 prices'' ''consisting of 613 headings which cover over 1,000 different items''.

{{Original reporting}}
==Sources==
*{{source|url=http://www.cso.ie/releasespublications/documents/prices/current/cpi.pdf| title=Consumer Price Index - April 2005 | author= |pub=Central Statistics Office|date=May 12, 2005}}
*{{source|url=http://www.bizplus.ie/news/623| title=Energy Costs Push Up Irish Inflation | author= |pub=Business Plus|date=May 12, 2005}}
*{{source|url=http://breakingnews.iol.ie/news/story.asp?j=142742610&p=y4z7433y6| title=Annual inflation increases to 2.2% in April | author= |pub=Ireland On-line|date=May 12, 2005}}
*{{source|url=http://www.finfacts.com/irelandbusinessnews/publish/article_10001789.shtml| title=Irish inflation rose 0.1% to 2.2% in April | author= |pub=Finfacts.com|date=May 12, 2005}}
*{{source|url=http://www.rte.ie/business/2005/0512/inflation.html| title=Annual inflation creeps up to 2.2% in April | author= |pub=RTE News|date=May 12, 2005}}

 
 {{archive}}
[[Category:Economy and business]]
[[Category:Europe]]
[[Category:Ireland]]
[[Category:County Dublin]]
[[Category:Published]]
Ireland's heavy reliance on imported oil is starting to cause a rise in inflation
According to new figures from the Central Statistics Office (CSO), the annual rate of inflation in Ireland has begun to rise again after a period of decline. Annualised inflation is now running at 2.2%, up from 2.1% in March.

The figures are derived from the Consumer Price Index which is monitored by the CSO. Despite the increase, inflation remains significantly below the figure for recent years.  Annualised inflation peaked at 5.1% in February 2003.

The major contributor to the rise was the cost of heating and housing with the Housing, Water, Electricity, Gas and Other Fuels group rising 10.6% in the past 12 months - with 2% of that rise in the last month alone. The cost of clothing and footwear has dropped almost 3% in the past yearWhen broken down more the section marked Energy Products showed a massive 5.3% rise in the past month alone.

This sharp rise in energy costs was offset somewhat by decreases (over the past 12 months) in the following groups: 
* Food and Non-Alcoholic Beverages (-0.5%)
* Clothing and Footwear (-2.8%)
* Furnishings, Household Equipment and Routine Household Maintenance (-1.4%)
* Communications (-0.2%)
* Miscellaneous Goods & Services (-1.3%).

According to the CSO the Consumer Price Index is made up of over 55,000 prices consisting of 613 headings which cover over 1,000 different items.
Economy and business Europe Ireland County Dublin Published