Food prices for consumers increased by 2% in the 12 months to June 2024, according to the Central Statistics Office (CSO).<\/p>\n\n\n\n
According to the CSO, the overall EU Harmonised Index of Consumer Prices (HICP) for Ireland is estimated to have increased by 1.5% across all sectors in the 12 months to June, and increased by 0.3% compared to May 2024.<\/p>\n\n\n\n
Of those consumer prices, the food component saw a 2% rise year-on-year, although it fell marginally by 0.1% month-on-month.<\/p>\n\n\n\n
Meanwhile, energy prices for consumers have decreased by 5.6% over the 12 months to June 2024, and fell by 1% compared to May 2024.<\/p>\n\n\n\n
When unprocessed food and energy are excluded from the HICP for Ireland, the annual change of inflation is 2.3%, compared to 1.5% when they are included.<\/p>\n\n\n\n
Transport prices, meanwhile, have gone up by 0.8% in the month and by 5.2% over the 12 months to June.<\/p>\n\n\n\n
The annual rate of consumer price inflation in Ireland is notably lower than the Eurozone as a whole, which saw inflation increase by 6% annually.<\/p>\n\n\n\n
A more detailed breakdown of consumer prices and inflation rates are expected to be published by the CSO and Eurostat (The EU’s statistics agency) later this month.<\/p>\n\n\n\n