Cost of Living in Ireland Climbs to 1.5% in January
Table of Contents
- 1. Cost of Living in Ireland Climbs to 1.5% in January
- 2. A Wave of Change in Image Hosting
- 3. Breaking News: Major Developments Unfold in [Location or Situation]
- 4. Irish Inflation Slows in January 2025
- 5. What data points besides energy and transport costs contributed to the change in the inflation rate?
- 6. Irish Inflation Slows in January 2025: An Interview with Anthony Dawson
- 7. Anthony, thank you for joining us. Could you elaborate on the 1.5% increase in consumer prices for January 2025 compared to the same period last year?
“Certainly,” says Dawson. “The Harmonised Index of Consumer Prices (HICP) for January 2025 indicates that prices for consumer goods and services in Ireland have increased by 1.5% in the past year. While this represents a decrease from December 2024’s figures, it’s notable to remember that inflation remains a concern.”
What are the main contributing factors behind this change in the inflation rate?
- 8. you mentioned core inflation, excluding volatile foods and energy prices. How is this trend impacting the overall picture?
- 9. Looking ahead, what can we expect in terms of inflation in Ireland?
The cost of living in Ireland continued its upward trajectory in January, rising by 1.5% compared to the previous year. This represents a noticeable increase from the 1% growth observed in December 2022.
Data released by the Central Statistics Office (CSO) revealed that energy prices played a key role in this increase, jumping by 2% in January alone. Though, on a year-on-year basis, energy costs have actually declined by 7%. Meanwhile, food prices experienced a more modest fluctuation, dipping by nearly 1% in January but ultimately increasing by 1.4% over the past year.
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Breaking News: Major Developments Unfold in [Location or Situation]
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[Analyze the situation. offer expert opinions,delve into potential implications,and explore possible future developments. Connect the news to broader trends or historical context, whenever relevant.]
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Irish Inflation Slows in January 2025
Ireland saw a slight slowdown in inflation during January 2025, with consumer prices rising by an estimated 1.5% compared to the same period last year. This marked a decrease from the previous month’s figures, offering a glimmer of hope amidst ongoing economic uncertainty.
According to the Central Statistics Office (CSO), the Harmonised Index of Consumer Prices (HICP) – the European Union’s standard measure for inflation – showed a more modest increase than in December 2024. “The latest flash estimate of the Harmonised Index of Consumer Prices (HICP),compiled by the CSO,indicates that prices for consumer goods and services in Ireland are estimated to have increased by 1.5 per cent in the past year,” explained Anthony Dawson,a statistician at the CSO.
While the overall inflation rate eased, the figures for energy and transport costs tell a more complex story. Energy prices, a significant driver of inflation in recent months, saw a decrease of 2.7% since January 2024, though they rose by 1.2% in January 2025 alone. Transport costs,however,followed a different trend,dropping by 1.9% in January but still showing a 4.4% increase over the year.
“The HICP excluding energy and unprocessed food prices is estimated to have grown by 2 per cent since January 2024,” added Dawson, highlighting the continued upward pressure on core inflation, which excludes volatile food and energy prices. This suggests that underlying inflationary pressures remain a concern for the Irish economy.
Eurostat, the statistical office of the European Union, is expected to publish the full inflation figures for the Eurozone, including Ireland, on February 3rd. This will provide a more complete picture of the inflation outlook for the region.
What data points besides energy and transport costs contributed to the change in the inflation rate?
Irish Inflation Slows in January 2025: An Interview with Anthony Dawson
Ireland has experienced a slight easing in inflation during January 2025, with consumer prices rising by an estimated 1.5% compared to the same period last year. This slowdown from December’s figures offers a glimmer of hope amidst ongoing economic uncertainty. We sit down with Anthony dawson, a statistician at the central Statistics Office (CSO),
to delve deeper into these latest figures and understand their implications for the Irish economy.
