Prices rise by 1.3 per cent in the year to January 2020

By Utku Muratoglu

Consumer prices are rising across Ireland, according to figures released by the Central Statistics Office.

CSO recent statistics show that the most notable changes in the year were increases in Education (+4.1 per cent), Alcoholic Beverages and Tobacco (+3.8 per cent), Housing, Water, Electricity, Gas and Other Fuels (+3.5 per cent) and Transport (+3.1 per cent).

Housing, water, electricity, gas and other fuels rose mainly due to higher rents and mortgage interest repayments in addition to an increase in the cost of home heating oil and electricity. 

Transport increased primarily due to higher prices for petrol and diesel and an increase in the cost of motor cars.

There were decreases in Communications (-10.6 per cent), Furnishings, Household Equipment and Routine Household Maintenance (-2.7per cent) and Food and Non-Alcoholic Beverages (-1.1 per cent).

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