Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Books and Beer via Shutterstock
Inflation

The cost of drinking alcohol and getting an education is increasing

Prices rose by 0.4 per cent in the year to May.

THE LATEST CONSUMER Price Index has shown that the cost of alcohol and tobacco has risen in the past year.

The cost of education also increased significantly in the past twelve months. The changes drove prices across the board up by an average 0.4 per cent in May when compared with the corresponding month in 2012.

The Central Statistics Office details a fall in the price of furnishings, household equipment and routine household maintenance, as well as a decrease in the cost of clothing, footwear and communications.

Pushing the other way, an increase in the price of vegetables and meat was noted, contributing to a rise in the Food and non-Alcoholic Beverages category.

Consumer prices in May decreased by 0.1 per cent when compared with April 2013. The main factors contributing to the drop were lower interest repayments, a decrease in the cost of home-heating oil, cheaper clothes and lower petrol and diesel costs.

The annual rate of inflation for services was 1.8 per cent in the year to may, while goods decreased by 1.3 per cent.

Read: Two hundred jobs to be announced for Cork

More: Locals annoyed that derelict shop facelift for G8 hides their economic woes

Your Voice
Readers Comments
7
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.