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Leadership
Consumer prices fall 6.6pc
12.11.2009
Irish consumer prices continued to fall in October, official figures released today have shown.
According to figures from the Central Statistics Office (CSO), consumer prices fell by 0.2pc in October compared to September, with prices falling by 6.6pc in the year to October.
The most notable changes in consumer prices during the month were fall in the prices of clothing and footwear and furnishings (-0.9pc) and household equipment and routine household maintenance (-1pc) due to increased sales.
Transport prices also fell 1pc during the month due to lower petrol and diesel prices, the CSO said, while education prices increased by almost 11pc, primarily due to increases in third-level education costs.
Meanwhile, the most notable changes in consumer prices during the year were decreases in the housing, water, electricity, gas and other fuels category (-28.8pc), clothing and footwear (-12.8pc) and food and non-alcoholic beverages (-6.4pc).
Prices in the furnishings, household equipment and routine household maintenance category also fell (-4.1pc), as did the cost of transport (-3.1pc).
In contrast, the year to October saw price increases in education (+11.2pc), alcoholic beverages and tobacco (+7.1pc) and health (+3pc).
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