The Inflation Rate for November 2022—measured as the percentage change in the average All Items Index for the period January to November 2022/January to November 2021—was 5.6%.
That’s according to the latest All Items Index of Retail Prices Report issued by the Central Statistical Office (CSO).
“This represents an increase from 5.3%, which was recorded in the previous period—January to October 2022/January to October 2021,” the CSO says in its report.
It added: “The Inflation Rate for the comparative period (January to November 2021/January to November 2020) was 1.9%.”
The CSO also reports an All Items Index of Retail Prices of 122.7—calculated from the prices collected for the month of November 2022. This represents an increase of 0.2 points or 0.2% above the Index (All Items) for October 2022, the CSO explained.
“The Index for Food and Non-Alcoholic Beverages increased from 144.5 in October 2022 to 145.9 in November 2022, reflecting an increase of 1.0%,” the report said.
According to the CSO report, contributing significantly to this increase was the general upward movement in the prices of chilled or frozen beef; fresh beef; chilled or frozen pork; melongene; carrots; cucumber; pumpkin; onions; green (sweet) pepper and cabbage.
It noted, however, that the full impact of these price increases was offset by the general decreases in the prices of tomatoes; ochroes; powdered milk (full cream); garlic; oranges; steak (fresh); shrimp (fresh); salted pig tail; Irish potatoes and crab (fresh).
The CSO report notes that a further review of the data for November 2022, compared with October 2022, showed an increase in the sub-index for Alcoholic Beverages and Tobacco of 0.7%, and a decrease in the sub-index for Clothing and Footwear of 0.5% and for Health of 0.1%.
“All other sections remained unchanged,” the CSO added.
