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CSO statistical release, , 11am

Consumer Price Index

February 2019

CPI and HICP
 CPI HICP
 % monthly change % annual change % monthly change % annual change
Oct 2018-0.1 0.9 -0.2 1.1
Nov 2018-0.5 0.6 -0.4 0.8
Dec 20180.0 0.7 -0.1 0.8
Jan 2019-0.7 0.7 -0.7 0.8
Feb 20190.8 0.6 0.8 0.7

Prices rise by 0.6% in the year to February 2019

Figure 1: CPI/HICP - ALL ITEMS Annual Percentage Change
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Prices on average, as measured by the CPI, were 0.6% higher in February compared with February 2018. 

The most notable changes in the year were increases in Housing, Water, Electricity, Gas & Other Fuels (+4.0%), Restaurants & Hotels (+3.6%), Alcoholic Beverages & Tobacco (+2.7%) and Education (+1.7%).  There were decreases in Furnishings, Household Equipment & Routine Household Maintenance (-3.7%), Communications (-1.9%), Miscellaneous Goods & Services (-1.7%) and Clothing & Footwear (-1.7%).

Consumer Prices in February, as measured by the CPI, increased by 0.8% in the month.  During February of last year, prices rose by 0.9% in the month.  The most significant monthly price changes were increases in Clothing & Footwear (+6.4%) and Transport (+1.7%).  There were decreases in Communications (-1.1%) and Alcoholic Beverages & Tobacco (-0.6%). 

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 Restaurants & Hotels (+0.67%), Housing, Water, Electricity, Gas & Other Fuels (+0.56%) and Alcoholic Beverages & Tobacco (+0.16%).

The divisions which caused the largest downward contribution to the CPI in the year were Miscellaneous Goods & Services (-0.20%), Transport (-0.18%) and Furnishings, Household Equipment & Routine Household Maintenance (-0.18%).

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

  • Restaurants & Hotels increased mainly due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc. and an increase in the cost of hotel accommodation.
  • Housing, Water, Electricity, Gas & Other Fuels rose primarily due to higher rents and mortgage interest repayments in addition to an increase in the price of gas, electricity and home heating oil.
  • Alcoholic Beverages & Tobacco increased mainly due to higher prices for tobacco products.
  • Miscellaneous Goods & Services decreased primarily due to lower health and 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.
  • Transport fell mainly due to a decrease in air fares which was partially offset by an increase in the cost of motor cars.
  • Furnishings, Household Equipment & Routine Household Maintenance decreased primarily due to the reduced cost of furniture & furnishings, non-durable household goods and household textiles.

Contributions to the overall CPI – monthly change

The divisions which caused the largest upward contribution to the CPI in the month were Clothing & Footwear (+0.28%), Transport (+0.25%) and Restaurants & Hotels (+0.15%).  The divisions which caused the largest downward contribution in the month were Alcoholic Beverages & Tobacco (-0.04%) and Communications (-0.03%). 

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

  • Clothing & Footwear rose due to a recovery from sales.
  • Transport increased primarily due to an increase in air fares and higher prices for motor cars.
  • Restaurants & Hotels rose due to an increase in the cost of hotel accommodation and higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc.
  • Alcoholic Beverages & Tobacco fell due to lower prices for alcoholic beverages sold in supermarkets and off licences.
  • Communications decreased due to a reduction in the cost of telephone & telefax equipment.

CPI sub-indices

The sub index for Services rose by 1.8% in the year to February, while Goods decreased by 0.9%.  Services, excluding mortgage interest repayments, increased by 1.9% in the year since February 2018.

The CPI excluding tobacco increased by 0.8% in the month of February and rose by 0.5% in the year.  The CPI excluding mortgage interest increased by 0.8% in the month and rose by 0.6% in the year.

Harmonised Index of Consumer Prices

Prices on average, as measured by the EU Harmonised Index of Consumer Prices (HICP), increased by 0.7% compared with February 2018.

The most notable changes in the year were increases in Housing, Water, Electricity, Gas & Other Fuels (+4.6%), Restaurants & Hotels (+3.6%), Alcoholic Beverages & Tobacco (+2.7%) and Education (+1.7%).  There were decreases in Furnishings, Household Equipment & Routine Household Maintenance (-3.7%), Communications (-1.9%), Clothing & Footwear (-1.6%) and Transport (-1.3%).

The HICP increased by 0.8% in the month.  This compares to an increase of 0.9% recorded in February of last year.

The most significant monthly price changes were increases in Clothing & Footwear (+6.5%), Transport (+1.8%) and Recreation & Culture (+0.9%).  There were decreases in Communications (-1.1%), Alcoholic Beverages & Tobacco (-0.6%) and Food & Non-Alcoholic Beverages (-0.2%).

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