Survey forecasts further rise in inflation

IRISH inflation is expected to tick higher in September and continue to rise in coming months given impending price rises in sectors such as electricity and gas, a Reuters survey of economists showed yesterday.

The mean forecast of the seven economists surveyed was for a month-on-month rise in the consumer price index (CPI) of 0.3% for September, bringing the inflation rate to 2.7% year-on-year.

The statistics office will release the data tomorrow.