Subscribe Login

May Consumer Price Index 0.4% Higher On Average Compared To 2017

By Publications Checkout
May Consumer Price Index 0.4% Higher On Average Compared To 2017

Retail prices, on average, were 0.4% higher in May compared with May 2017, according to the latest figures from the Central Statistics Office.

However, Food & Non-Alcoholic Beverages saw its consumer price index fall by 2.3% against last year.

The CSO reports that Food & Non-Alcoholic Beverages fell due to lower prices across a range of products such as meat, jam, honey, chocolate & confectionery, vegetables and bread & cereals.

Sugar, jam, honey, chocolate & confectionery prices fell by 6.6% as a whole, the strongest decline in the industry.

Meat prices fell by 3.3%, vegetables fell by 2.8% and bread and cereals fell by 1.8%.

For non-alcoholic beverages, decreases in coffee, tea and cocoa, down 3.3%, were lessened by increases in mineral waters, soft drinks as fruit and vegetable juices.

Compared to the April, Food prices rose by 0.1% on average across all categories in May, and non-alcoholic beverages rose by 1.9% across its categories.

Alcoholic beverages and tobacco rose by 1.9% over the 12 months, and only 0.3% compared to April.

© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition. 

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.