{"id":138516,"date":"2025-11-14T00:30:21","date_gmt":"2025-11-14T00:30:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/138516\/"},"modified":"2025-11-14T00:30:21","modified_gmt":"2025-11-14T00:30:21","slug":"annual-inflation-rises-to-19-month-high-of-2-9","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/138516\/","title":{"rendered":"Annual inflation rises to 19-month high of 2.9%"},"content":{"rendered":"<p>New figures from the Central Statistics Office show that the annual rate of inflation rose to 2.9% in October, up from 2.7% the previous month.<\/p>\n<p>This is the highest annual rate of inflation since March 2024 when the rate was also 2.9%.<\/p>\n<p>Today&#8217;s figures show that the biggest price increases in the 12 months to October were seen in Education, with costs in the sector rising by 8.4% on the back of an increase in third level education.<\/p>\n<p>Prices for food and non-alcoholic beverages were up 4.5% with big increases seen in the price of beef which rose by 23.5%, while lamb prices were up 16.7%. The price of milk rose by 10%, while butter prices jumped by 11.6%, chocolate prices were up 8.9% and coffee prices soared 10.6%.<\/p>\n<p>The CSO said that on a monthly basis, inflation rose by 0.5%. Inflation as measured by the Harmonised Index of Consumer Prices, which strips out mortgage interest costs, increased to 2.8% year-on-year from 2.7% a month earlier, the CSO added.<\/p>\n<p>The CSO also today published its National Average Prices for selected goods and services for October.<\/p>\n<p>They show price increases in the 12 months to October for Irish cheddar per kg (up 80 cent), a pound of butter (up 64 cent), 2 litres of full fat milk (up 22 cent), an 800g loaf of white sliced pan (up 7 cent), an 800g loaf of brown sliced pan (up 3 cent), and spaghetti per 500g ( up a cent).<\/p>\n<p>But a 2.5kg bag of potatoes fell by 38 cent when compared with October last year.<\/p>\n<p><img decoding=\"async\" alt=\"Graphic of a range of food price increases\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/11\/0023793b-614.jpg\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"New figures from the Central Statistics Office show that the annual rate of inflation rose to 2.9% in&hellip;\n","protected":false},"author":2,"featured_media":69424,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-138516","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/138516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=138516"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/138516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/69424"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=138516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=138516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=138516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}