Consumer prices rose by 1.6% in June on an annual basis on the back of higher electricity, gas and transport prices, new figures from Central Statistics Office show today.
The figure for June was marginally lower than the two-year high of 1.7% in May, the CSO said. Prices had fallen on an annual basis during the Covid-19 pandemic before returning to growth in April.
Energy, transport, health, hotel and restaurant prices drove the annual rise while prices were 0.2% higher month on month - the eighth month of increases in a row.
Today's CSO figures show that prices for housing, water, electricity, gas and other fuels rose by 4.9% due to an increase in the cost of home heating oil, electricity, gas, higher rents and mortgage interest