Ireland Sees Modest Price Increase of 1.5% Year-On-Year to January

Preliminary data from the Central Statistics Office (CSO) in Ireland indicates that consumer prices rose by 1.5% in the year to January. This represents a slight upward trend compared to the 1% increase recorded in the 12 months to December.

Energy Prices Show Mixed Trends

Energy costs saw a 2% increase in January but declined by 7% over the past year. This fluctuation suggests a volatile market, with short-term spikes offset by longer-term declines.

Food Prices Experience Small Fluctuations

Food prices saw minimal changes, decreasing by just under 1% in January but rising by 1.4% over the year. This稳定性 in food markets helps mitigate the overall price rise.