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Prices rise by 5.6% in the year to February 2022
Henry Street in Dublin city centre Pic: Ireland's Content Pool

10 Mar 2022 / ireland Print

Prices rise by 5.6% in the year to February 2022

The Consumer Price Index (CPI) rose by 5.6% in the year to February 2022 – up from an annual increase of 5.0% in the year to January 2022, new CSO statistics show.

This is the largest annual increase in the CPI in almost 21 years, when annual inflation also stood at 5.6% in April 2001.

The divisions with the largest increases in the year to February were:

  • Transport (+15.4%),
  • Housing, water, electricity, gas and other fuels (+12.7%),
  • Alcoholic beverages and tobacco (+7.8%).

Education (-0.8%) and miscellaneous goods and services (-0.6%) were the only divisions to show a decrease when compared with February 2021.

Consumer prices rose by 0.9% in the month between January 2022 and February 2022.

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