Ireland Inflation At 5-Month High

Ireland’s consumer price inflation rose to the highest level in five months in November, figures from the Central Statistics Office showed Thursday.

The consumer price index rose 1.1 percent year-on-year in November, after a 0.7 percent increase in October. A similar rate of inflation was last seen in June.

On a monthly basis, consumer prices edged down 0.1 percent in November, following a 0.3 percent fall in the preceding month.

The EU measure of harmonized index of consumer price, or HICP, rose 0.8 percent annually in November, following a 0.6 percent gain in October and September.

On a month-on-month basis, HICP remained unchanged at, down 0.2 percent in November.

The material has been provided by InstaForex Company –