Average prices down 0.3% in December

Average prices were 0.3% lower in December compared with December 2013, according to official figures released today.

The most notable changes in the year, as measured by the Consumer Price Index, were decreases in Transport (-3.8%), Furnishings, Household Equipment & Routine Household Maintenance (-3.1%), Food & Non-Alcoholic Beverages (-2.6%) and Clothing & Footwear (-2.3%).

There were increases in Education (+5%), Miscellaneous Goods & Services (+4.2%) and Alcoholic Beverages & Tobacco (+3%).

Consumer Prices in December, as measured by the CPI, decreased by 0.4% compared to the previous month. During December of last year, prices remained unchanged.

The most significant monthly price changes were decreases in Transport (-1.3%), Alcoholic Beverages & Tobacco (-1.3%) and Housing, Water, Electricity, Gas & Other Fuels (-0.8%).

There were increases in Miscellaneous Goods & Services (+0.2%), Clothing & Footwear (+0.2%) and Health (+0.1%).