Economic and Investment Outlook
Inflationary pressure broad across index
Re-opening and energy impacts evident in inflation index
Biggest pick-up in inflation concentrated in energy and Covid- Core HICP levelling off but core CPI accelerating largely due
hit sectors
to mortgage interest (which is excluded from HICP basket)
HICP inflation by COICOP divisions
8
All Items
Food & Non-Alcohol
-10 -505
y-o-y %
10
15
20
Alcohol & Tobacco
Clothes & Footwear
Housing & Utilities
Furnishings, & HH Equip
Health
Transport
Communication
Recreation & Culture
Education
Restaurants & Hotels
25
30
6
25
20
4
2
-2
|
|
I
T
I
T
2015 2016 2017 2018 2019 2020 2021 2022 2023
Misc Goods & Services
▲ 1 year ago 3 year average
June 2023
Source: CSO
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Note: RHS shows distribution of annual inflation rates across all CPI items (unweighted).
-
Core HICP Core CPI difference
Source: CSO, Eurostat
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