Inflation rises again even though fuel costs fell in April

According to new figures from the Central Statistics Office (CSO), the cost of living has increased by a whopping 7.3 percent since April 2021.

Unfortunately, inflation continued to rise even as energy fell in April from its March high.

The Irish Independent reported this week that a new wave of higher food prices is also on the horizon.

Using the standard measure of inflation known as the EU harmonized index of consumer prices (HICP), Ireland is estimated to have risen 7.3 per cent from April 2021 to April 2022, compared with a 7.5 per cent annual increase in the eurozone.

The Indo Daily: Running empty: Why you might soon be rationing your fuel

Listen to Apple Podcasts

Listen on Spotify

Looking at the components of the Flash HICP for Ireland, energy is estimated to be down 1.7% on the month and up 39.1% since April 2021

Inflation is now hovering at levels not seen in more than two decades, well before the Celtic Tiger era. Inflation rises again even though fuel costs fell in April

Fry Electronics Team

Fry is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button