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06 Sept 2025
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06 Sept 2025
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The annual rate of inflation eased to 7.2% in April from 7.7% in March but there were big annual prices in the cost of live in the year to April, according to the latest figures from the Central Statistics Office (CSO).
The Consumer Price Index (CPI), which measures the change in the average level of prices of consumer goods, rose by 7.2% in the 12 months to April 2023.
This is the nineteenth straight month where the annual increase in the CPI has been at least 5.0%.
There was a 20.7% annual increase in the area of housing, water, electricity, gas and other fuels.
Consumer prices rose by 7.2% over the 12 months to April 2023https://t.co/M1C4qLIoLR#CSOIreland #Ireland #CPI #ConsumerPrices #Inflation #Deflation #Prices #BusinessStatistics #Business #BusinessNews #IrishBusiness pic.twitter.com/LDH74E7kgf
— Central Statistics Office Ireland (@CSOIreland) May 11, 2023
CSO statistician in the prices division Anthony Dawson said this reflects rising electricity (+51.3%) and gas (+55.8%) costs, along with higher mortgage interest repayments (+41.0%).
Food and non-alcoholic beverages prices rose in the year by 13.1%.
Mr Dawson said: “The annual change in food and non-alcoholic beverages costs reflects a rise in prices across a range of products such as sugar (+38.9%), frozen fish (+29.9%), fresh whole milk (+24.1%), butter (+18.9%) and eggs (+18.3%) compared with April 2022.”
Education (-6.3%) and transport (-2.3%) were the only areas to show a decrease when compared with April 2022.
Consumer prices rose by 0.5% in the month between March 2023 and April 2023.
The national average price for bread (large 800g white sliced pan) was up 23 cents in the year to April 2023, while the same size brown sliced pan was up 18 cents in the year.
Spaghetti per 500g increased by 27 cents in the year while the average price for 2.5kg of potatoes was up 11 cents.
Full-fat milk per 2 litres increased by 44 cents in the year while the average price of Irish cheddar per kg rose by €1.42 and butter per lb rose by 66 cents.
The national average price of a take-home 500ml can of lager at €2.30 was up 14 cents on average from April 2022 while a take-home 500ml can of cider at €2.54 was up 18 cents.
In April 2023, the national average price of a pint of stout in licensed premises was €5.50, up 38 cents in the year, while a pint of lager was €5.97, up 47 cents compared with April 2022.
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