The Central Statistical Office is pleased to announce the release of the Index of Retail Prices for the month of November 2022.
Index of Retail Prices
The All Items Index of Retail Prices calculated from the prices collected for the month of November 2022 was 122.7, representing an increase of 0.2 points or 0.2% above the Index (All Items) for October 2022 as shown in the table attached.
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%. 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. However, 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.
A further review of the data for November 2022 compared with October 2022 reflected an increase in the sub-index for Alcoholic Beverages and Tobacco of 0.7%. A decrease in the sub-index for Clothing and Footwear 0.5% and Health 0.1%. All other sections remained unchanged.
Inflation Rate
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%. This represents an increase from 5.3% which was recorded in the previous period (January to October 2022/January to October 2021). The Inflation Rate for the comparative period (January to November 2021/January to November 2020) was 1.9%.