The Central Statistical Office (CSO) has released the Consumer Price Index (CPI) for January 2025, showing an inflation rate of 0.7%. This reflects a rise in prices compared to January 2024 and marks an increase from the previous period’s rate of 0.5% recorded in December 2024. In contrast, the inflation rate for January 2024 stood at 0.3%. The All Items Index for January 2025 reached 124.9, increasing by 0.2 points or 0.2% from December 2024.
The Food and Non-Alcoholic Beverages Index climbed from 152.4 in December 2024 to 153.2 in January 2025, reflecting a 0.5% increase. Rising prices for cucumber, fresh Carite, ochroes, pumpkin, pimento, garlic, fresh king fish, frozen whole chicken, soya bean oil, and cabbage drove this change. However, lower prices for tomatoes, fresh whole chicken, Irish potatoes, oranges, carrots, green sweet peppers, eggs, ice cream, onions, and celery helped offset the overall impact.
Several other categories also recorded price increases between December 2024 and January 2025. Alcohol and Tobacco, as well as Clothing and Footwear, each rose by 0.3%. The Health and Transport indices increased by 0.1%, while Recreation and Culture went up by 0.3%. Hotels, Cafés, and Restaurants saw a slight rise of 0.1%, and Miscellaneous Goods and Services climbed by 0.4%. Meanwhile, the index for Furnishings, Household Equipment, and Routine Maintenance of the House declined by 0.4%. All other categories remained unchanged.
