{"id":273086,"date":"2026-01-31T04:00:11","date_gmt":"2026-01-31T04:00:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/273086\/"},"modified":"2026-01-31T04:00:11","modified_gmt":"2026-01-31T04:00:11","slug":"price-of-basic-food-rising-at-more-than-double-the-rate-of-inflation-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/273086\/","title":{"rendered":"Price of basic food rising at more than double the rate of inflation \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">The price of basic food goods is rising at more than double the overall rate of inflation, figures from the <a href=\"https:\/\/www.irishtimes.com\/tags\/central-statistics-office\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/central-statistics-office\/\" target=\"_blank\">Central Statistics Office (CSO)<\/a> indicate.<\/p>\n<p class=\"c-paragraph paywall \">The agency\u2019s latest flash estimate of the harmonised index of consumer prices (HICP) for Ireland showed prices across the economy have risen by 2.6 per cent over the past year despite falling by 1 per cent since December. <\/p>\n<p class=\"c-paragraph paywall \">The annualised rate compares with 2.7 per cent last month \u2013 at a time when the rate across the euro zone was 1.9 per cent \u2013 and a cycle high of 3.1 per cent in November. This time last year, the annualised rate in Ireland stood at 1.7 per cent.<\/p>\n<p class=\"c-paragraph paywall \">At 3.9 per cent excluding alcohol and tobacco, food was the standout inflationary component of the index, up 0.2 per cent month-on-month and by 3.9 per cent over the past 12 months.<\/p>\n<p class=\"c-paragraph paywall \">Within that, unprocessed foods \u2013 a category that includes meat, poultry, dairy products, eggs, fresh fruit, vegetables, whole grains and cereals \u2013 saw an annualised increase of 5.8 per cent, more than twice the overall rate of inflation.<\/p>\n<p class=\"c-paragraph paywall \">The figure for processed food was in line with the overall harmonised rate at 2.6 per cent.<\/p>\n<p class=\"c-paragraph paywall \">Th overall rate was helped lower by energy prices which CSO statistician, Anthony Dawson noted, had dropped by 0.8 per cent in the month. They are now just 0.3 per cent higher than in January 2025.<\/p>\n<p class=\"c-paragraph paywall \">Industrial goods, not including energy, also acted to moderate the overall level of inflation, down 1.9 per cent on December and only 1 per cent up year-on-year. Among other components, Mr Dawson noted that services were costing 3.3 per cent more than in January last year.<\/p>\n<p class=\"c-paragraph paywall \">The harmonised measure of inflation is standardised across all euro zone states. The main differences between it and the CSO\u2019s consumer price index (CPI), the official measure of inflation in the Republic, is that it does not take account of housing or motoring costs.<\/p>\n<p class=\"c-paragraph paywall \">Data on an EU-wide basis will be published next week.<\/p>\n","protected":false},"excerpt":{"rendered":"The price of basic food goods is rising at more than double the overall rate of inflation, figures&hellip;\n","protected":false},"author":2,"featured_media":243916,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,14787,943,113,61,60],"class_list":{"0":"post-273086","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-central-statistics-office","10":"tag-cost-of-living","11":"tag-economy","12":"tag-ie","13":"tag-ireland"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/273086","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=273086"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/273086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/243916"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=273086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=273086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=273086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}