The EU Harmonised Index of Consumer Prices (HICP) for Ireland estimates that food prices have increased by 0.5% in the last month.
The index also estimates that the cost of food has risen by 3.7% in the last 12 months.
The Central Statistics Office (CSO) has today, February 29 published the flash estimates of inflation HICP for Ireland for February 2024.
Overall, the HCIP is estimated to have increased by 2.2% in the 12 months to February 2024 and grew by 0.9% since January 2024.
This compares with HICP inflation of 2.7% in Ireland in the 12 months to January 2024 and an annual increase of 2.8% in the HICP for the Eurozone in the same period.
Other consumer prices
Looking at the components of the flash HICP for Ireland in February 2024, energy prices are estimated to have risen by 0.5% in the month and fell by 6.3% over the 12 months to February 2024.
The HICP, excluding energy and unprocessed food, is estimated to have increased by 3.1% since February 2023.
Commenting on the data published today, Anthony Dawson, statistician in the CSO Prices Division, said: “The latest flash estimate of the Harmonised Index of Consumer Prices (HICP), compiled by the CSO, indicates that prices for consumer goods and services in Ireland are estimated to have increased by 2.2% in the past year.
“Looking at the components of the flash HICP in Ireland for February 2024, energy prices are estimated to have risen by 0.5% in the month and fell by 6.3% since February 2023.
“Food prices are estimated to have increased by 0.5% in the last month and risen by 3.7% in the last 12 months.
“Transport costs have increased by 3.3% in the month and risen by 2.9% in the 12 months to February 2024,” he added.
The CSO compiles the HICP flash estimates and final results for Ireland and submits those to Eurostat which then compiles the Eurozone estimate and publishes that along with the results for the countries within the Eurozone.