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08/11/2007
Inflation Rise Setback
Just weeks in advance of the 2008 Budget being announced, Ireland's inflation rate has jumped back up to 4.8%.
According to the latest figures from the Central Statistics Office (CSO), this only happened in the past month and follows the rate of inflation rate dropping from a high of 5% in July to 4.6% in September.
However, the CSO says it went back up to 4.8% last month due mainly to higher costs for third-level education and rising prices for bread, flour, milk, cheese and other similar products.
Over the past year, the largest price increases have been in the category of housing, water, electricity, gas and other fuels.
The rising cost of education, food, alcohol and tobacco is also forcing up the inflation rate.
(BMcC)
According to the latest figures from the Central Statistics Office (CSO), this only happened in the past month and follows the rate of inflation rate dropping from a high of 5% in July to 4.6% in September.
However, the CSO says it went back up to 4.8% last month due mainly to higher costs for third-level education and rising prices for bread, flour, milk, cheese and other similar products.
Over the past year, the largest price increases have been in the category of housing, water, electricity, gas and other fuels.
The rising cost of education, food, alcohol and tobacco is also forcing up the inflation rate.
(BMcC)
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