CSO records largest price increase in Ireland for 10 years

Photo: Pexels Images

The largest annual increase in prices in almost ten years has been recorded by the CSO.

Prices were on average 2.8 per cent higher in August this year compared to the same month last year.

The cost of transport increased by over 10 per cent, while housing, water, electricity and gas prices went up by more than 7 per cent.

There was a reduction in the price of clothing and footwear of 5.6 per cent, while there was a slight decrease in the cost of household equipment and maintenance.

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