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The Consumer Price Index (CPI) in Ireland rose by 9.2 percent in
October compared to the same period a year ago, hitting a record
high for the last 38 years, said the country's Central Statistics
Office (CSO) on Thursday, reports citing .
The October CPI is the highest rate of inflation ever recorded
in Ireland since June 1984, when inflation was 9.7 percent, said
the CSO. This is also the 13th month in a row when the annual
increase for the CPI in the country has been at least 5
percent.
The largest price increases in the year to October were for
housing, water, electricity, gas and other fuels (up 27.8 percent),
and food and non-alcoholic beverages (up 10.6 percent).
Education (down 6.6 percent) and miscellaneous goods and
services (down 0.1 percent) were the only areas which showed price
decreases when compared to October 2021.
The CSO figures also showed that prices for gas and electricity
in Ireland were 93.3 percent and 71.2 percent higher respectively
when compared to October 2021.
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