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CSO statistical release, , 11am

Consumer Price Index

May 2019

CPI and HICP
 CPI HICP
 % monthly change % annual change % monthly change % annual change
Jan 2019-0.7 0.7 -0.7 0.8
Feb 20190.8 0.6 0.8 0.7
Mar 20190.8 1.1 0.8 1.1
Apr 20190.4 1.7 0.4 1.7
May 2019-0.1 1.0 -0.1 1.0

Prices rise by 1.0% in the year to May 2019

Figure 1: CPI/HICP - ALL ITEMS Annual Percentage Change
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Prices on average, as measured by the CPI, were 1.0% higher in May compared with May 2018.

The most notable changes in the year were increases in Housing, Water, Electricity, Gas & Other Fuels (+4.4%), Restaurants & Hotels (+3.2%), Alcoholic Beverages & Tobacco (+2.7%) and Education (+1.7%).  There were decreases in Communications (-6.1%), Furnishings, Household Equipment & Routine Household Maintenance (-3.9%), Clothing & Footwear (-1.3%) and Miscellaneous Goods & Services (-0.8%).

Consumer Prices in May, as measured by the CPI, decreased by 0.1% in the month.  During May of last year, prices rose by 0.6% in the month.  The most significant monthly price changes were decreases in Communications (-2.9%) and Transport (-1.6%).  There were increases in Alcoholic Beverages & Tobacco (+0.6%) and Restaurants & Hotels (+0.5%). 

Contributions to the overall CPI – annual change

Table 17 shows the contribution of each 2-digit COICOP1 division to the overall change in the CPI.  A detailed breakdown of the individual components of each of the 12 COICOP divisions is presented in Tables 4 to 15.

The divisions which caused the largest upward contribution to the CPI in the year were Housing, Water, Electricity, Gas & Other Fuels (+0.63%), Restaurants & Hotels (+0.60%), Alcoholic Beverages & Tobacco (+0.16%) and Education (+0.04%).

The divisions which caused the largest downward contribution to the CPI in the year were Furnishings, Household Equipment & Routine Household Maintenance (-0.19%), Communications (-0.18%) and Miscellaneous Goods & Services (-0.09%).

The main factors contributing to the annual change were as follows:

  • Housing, Water, Electricity, Gas & Other Fuels rose mainly due to higher rents and mortgage interest repayments in addition to an increase in the price of electricity and gas.
  • Restaurants & Hotels increased primarily due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc.
  • Alcoholic Beverages & Tobacco rose mainly due to higher prices for tobacco products.
  • Education increased primarily due to extra costs associated with participating in third level education.
  • Furnishings, Household Equipment & Routine Household Maintenance decreased mainly due to the reduced cost of non-durable household goods, furniture & furnishings and household textiles.
  • Communications fell due to a reduction in the cost of telephone & telefax equipment and telephone & telefax services.
  • Miscellaneous Goods & Services decreased mainly due to lower motor insurance premiums and a reduction in prices for appliances, articles & products for personal care and other personal effects. This reduction was partially offset by higher prices for hairdressing salons & personal grooming establishments.

Contributions to the overall CPI – monthly change

The divisions which caused the largest downward contribution to the CPI in the month were Transport (-0.23%) and Communications (-0.08%).  The divisions which caused the largest upward contribution in the month were Restaurants & Hotels (+0.09%) and Housing, Water, Electricity, Gas & Other Fuels (+0.05%).

The main factors contributing to the monthly change were as follows:

  • Transport fell primarily due to a decrease in air fares which was partially offset by an increase in the cost of petrol, diesel and motor cars.
  • Communications decreased due to a reduction in the cost of telephone & telefax services and telephone & telefax equipment.
  • Restaurants & Hotels rose mainly due to an increase in the cost of hotel accommodation.
  • Housing, Water, Electricity, Gas & Other Fuels increased primarily due to a rise in the price of home heating oil and higher rents.

CPI sub-indices

The sub index for Services rose by 1.9% in the year to May, while Goods decreased by 0.5%.  Services, excluding mortgage interest repayments, increased by 1.9% in the year since May 2018.

The CPI excluding tobacco decreased by 0.1% in the month of May and rose by 0.8% in the year.  The CPI excluding mortgage interest decreased by 0.1% in the month and rose by 0.9% in the year.

Harmonised Index of Consumer Prices

Prices on average, as measured by the EU Harmonised Index of Consumer Prices (HICP), increased by 1.0% compared with May 2018.

The most notable changes in the year were increases in Housing, Water, Electricity, Gas & Other Fuels (+4.9%), Restaurants & Hotels (+3.3%), Alcoholic Beverages & Tobacco (+2.7%) and Education (+1.7%).  There were decreases in Communications (-6.1%), Furnishings, Household Equipment & Routine Household Maintenance (-3.9%) and Clothing & Footwear (-1.3%).

The HICP decreased by 0.1% in the month.  This compares to an increase of 0.6% recorded in May of last year.

The most significant monthly price changes were decreases in Communications (-2.9%) and Transport (-1.7%).  There were increases in Alcoholic Beverages & Tobacco (+0.6%) and Restaurants & Hotels (+0.5%).

1 Classification of Individual Consumption by Purpose Adapted to the Needs of Harmonised Indices of Consumer Prices (2000).