Inflation eases but education and transport costs rise

Inflation eased last month, from 2.2% in March to 1.9% in April, but a further drop in prices was offset by rising fuel costs according to the CSO consumer price index.

Consumer prices were largely unchanged in April, but on an annual basis certain sectors showed large increases, education costs increased by 9.4%, the cost of transport went up 5.7%, largely due to fuel prices, as well as miscellaneous goods and services up +4.1%.

Goodbody analyst Juliet Tennent said the Government’s deficit-reduction policy was driving inflation.