Headline inflation in the Irish economy jumped 2.2 per cent in April from as the price of food and alcohol continued to rise, the Central Statistics Office (CSO) said on Thursday.
It means prices were on average 2.2 per cent higher in April than the same month last year, up from 2 per cent in the 12 months to the end of March.
Prices linked to restaurants and hotels, which were up 3.3 per cent over the 12 months, made the largest contribution to inflation in the Republic’s economy, the CSO said, chiefly because of higher prices for food and drink consumed in licensed premises and other businesses.
However, the price of hotel accommodation declined by a modest 0.2 per cent over the 12-month period, partially offsetting the overall increase in restaurant and hotel prices.
More to follow…