Thursday, March 14 11:12:36
Inflation, as measured by the Consumer Price Index (CPI), fell to an annual rate of 1.1pc during February and was up 0.8pc compared to January with the price of drink a major contributor, latest figures from the CSO show today.
The most notable changes in the year were increases in Alcoholic Beverages and Tobacco (+5.4pc), Education (+4.7pc) and Miscellaneous Goods and Services (+2.9pc).
There were decreases in Communications (-4.4pc), Furnishings, Household Equipment and Routine Household Maintenance (-3.1pc) and Clothing and Footwear(-2.2pc).
The most significant monthly price changes were increases in Clothing and Footwear(+7.1pc) and Furnishings, Household Equipment and Routine Household Maintenance (+1.8pc). There was a decrease in Miscellaneous Goods and Services (-0.3pc).
The main factors contributing to the monthly change were in Clothing and Footwear and Furnishings, Household Equipment and Routine Household Maintenance increased due to a recovery in prices following the traditional winter sales.
Miscellaneous Goods and Services fell mainly due to a decrease in charges for hairdressing.