New figures from the Central Statistics Office show that the rate of inflation fell to 3.6% in May from a two-year high of 3.7% in April.<\/p>\n
The CSO said the most significant annual price increases last month were recorded in education services, which rose by 8.9%, and clothing and footwear, which increased by 7.4%.<\/p>\n
The price of housing, water, electricity, gas and other fuels increased by 7.1% on the back of rises in the cost of home heating oil, electricity, rents and mortgage interest repayments.<\/p>\n
Meanwhile, transport costs rose 6.1% last month due to higher prices for diesel and petrol as well as increases in the cost of air fares.<\/p>\n
The only sector to see a fall when compared with May of last year was furnishings, household equipment and routine household maintenance, with prices dipping by 0.6%.<\/p>\n
The CSO also today published its National Average Prices for selected goods and services for the month of May.<\/p>\n
The CSO noted price increases for sirloin steak per kg, which rose by \u20ac1.01, while Irish cheddar per kg was up eight cent.<\/p>\n
But there were decreases in the price of a pound of butter, down by 44 cent, while a 2.5kg bag of potatoes eased by 10 cent, two litres of full fat milk was down eight cent and an 800g loaf of brown sliced pan dipped two cent lower.<\/p>\n
The CSO also said that the national average price for a litre of diesel in May 2026 was \u20ac1.99, an increase of 33 cent on the same time last year. Petrol prices rose by 17 cent to \u20ac1.87 a litre, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"New figures from the Central Statistics Office show that the rate of inflation fell to 3.6% in May…\n","protected":false},"author":2,"featured_media":342830,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-494981","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\/494981","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=494981"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/494981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/342830"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=494981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=494981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=494981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}