Consumer Price Index November 2010 data published by CSO today is now online: http://www.cso.ie/releasespublicati...010/Prices/consumerpriceindex/cpi_nov2010.pdf
Consumer Prices in November, as measured by the CPI, decreased by 0.1% in the month. This compares to no change recorded in November of last year. Prices on average, as measured by the CPI, were 0.6% higher in November compared with November 2009.
The EU Harmonised Index of Consumer Prices (HICP) decreased by 0.2% in the month, compared to a decrease of 0.1% recorded in November of last year. Prices on average, as measured by the HICP, were 0.8% lower in November compared with November 2009.
The most notable changes in the year were increases in Housing, Water, Electricity, Gas & Other Fuels (+9.2%), Communications (+2.9%) and Miscellaneous Goods & Services (+2.4%). There were decreases in Clothing & Footwear (-5.5%), Alcoholic Beverages & Tobacco (-3.3%) and Education (-3.0%).
The annual rate of inflation for Services was 2.0% in the year to November, while Goods decreased by 1.1%.
The most significant monthly price changes were decreases in Alcoholic Beverages & Tobacco (-1.0%), Restaurants & Hotels (-0.4%) and Transport (-0.3%). There was an increase in Clothing & Footwear (+1.9%).
The main factors contributing to the monthly change were as follows:
The CPI excluding tobacco index for November decreased by 0.2% in the month and was up by 0.6% in the year. The CPI excluding energy products fell by 0.2% in the month and decreased by 0.1% in the year. The CPI excluding mortgage interest decreased by 0.2% in the month and was down by 0.7% in the year.
- Alcoholic Beverages &Tobacco fell due to lower prices for spirits and wine sold in off licences and supermarkets.
- Restaurants & Hotels fell mainly due to a reduction in the price of hotel and other accommodation.
- Transport fell mainly due to a fall in the price of second-hand cars.
- Clothing & Footwear increased due to a recovery in prices.