Inflation rate rises for fourth consecutive month
The headline rate — as measured by the latest Consumer Price Index (CPI) from the CSO — was up from an annualised measure of 2.8% in October, meaning that inflation has increased for four consecutive months. August was the last month to show a decline.
November saw a 2.1% increase in education costs, with clothing and footwear prices up 1.5%. There were declines in the prices of tobacco products, alcoholic beverages, and restaurants and hotels. Transport costs declined by 0.2%, with air fares falling in the month by 2.4% and petrol prices down by just over 0.5%. Although mortgage costs fell by 0.3%, they are still nearly 18% up on this time last year.
