Inflation rises to 5% despite rate hikes, estimates show

Excluding energy and unprocessed food, prices have gone up by an estimated 4.5% since last September.

Energy prices rose 9% over the period, and almost 4% just in the month of September. Pic: Danny Lawson/PA Wire

Inflation is estimated to have increased in September despite interest rate hikes to combat higher prices.

A "flash" estimate of price inflation for Irish consumers in the 12 months to September rose to 5%, up from 4.9% recorded in August, latest figures from the Central Statistics Office (CSO) showed.