The Central Statistics office data released today shows that prices for consumer goods and services in June 2022 increased by 9.1% on average compared with June 2021. This is the largest increase in 38 years when inflation was at 9.7% .This follows an increase of 7.8% in the year to May 2022.
The largest increases in the year to June 2022 were Housing, Water, Electricity, Gas & Other Fuels all up 22.5% and Transport up 20.4%
Miscellaneous Goods & Services and Education were the only divisions to show a decrease when compared with June 2021 at minus 1.3% and .8% respectively.
Consumer prices rose by 1.3% on average between May 2022 and June 2022
The divisions with the largest increases in the month were Transport (+5.1%), Food & Non-Alcoholic Beverages (+2.3%), Housing, Water, Electricity, Gas & Other Fuels (+1.3%) and Restaurants & Hotels (+1.3%) while the largest decrease in the month was in Communications (-1.4%) Prices for petrol and diesel increased by 26% AND 41% between May 2021 and May 2022.
The price of bread for a white sliced pan was up 13.9cents in the year to May 2022, while the same size brown sliced pan was up 16.1 cents in the year.