IRELAND’S INFLATION RATE reached 3.2 per cent for the twelve months up to the end of April, according to new figures published today by the Central Statistics Office.
The rate is the highest level of inflation for over a year – the highest since February 2010.
The increase in last month’s annual rate – of 3 per cent – came was largely fuelled by the increase in the price of domestic utilities, which was up by 0.9 per cent over the month and almost 12 per cent since last year.
Costs in ‘recreation and culture’ were up by 0.5 per cent on last month, while the price of eating out and of hotel accommodation rose by 0.3 per cent over the month.
Costs of communications like phone connections and broadband increased by 4 per cent in the last month, as did health costs.
The price in prices mark the the 19th month in succession in which prices have risen.