Inflation

Consumer price index rises by more than 5% for 22nd straight month

New data from the Central Statistics Office showed housing and energy rising significantly

Housing and energy increases contributed significantly to the rise in the CPI

The Consumer Price Index (CPI), the CSO’s main marker for inflation, rose by 5.8 per cent in the 12 months to July of this year. This is the 22nd straight month where year on year inflation has increased by more than 5 per cent.

There was a slight positive in that the year on year increase was down slightly from June, where the CPI rose by 6.1 per cent.

Housing, water, electricity, gas and other ...