The prices of transport, alcoholic beverages, hotels and restaurants increased year-on-year in June, according to the Central Statistics Office (CSO) Consumer Price Index for June 2022.
Year-On-Year Price Changes
According to a statement published on CSO.ie, transport prices increased by 20.4% year-on-year in June, while alcoholic beverages & tobacco prices increased by 8.2%, and restaurant & hotel prices increased by 7.0%
The statement published on CSO.ie noted that transport prices increased year-on-year mainly as a result of a rise in prices for diesel, petrol, motor cars, services in respect of personal transport equipment and air fares, with this increase being partially offset by lower prices for passenger transport by bus & coach, while restaurant & hotel prices increased as a result of higher prices for alcoholic drinks and food consumed in hospitality venues and an increase in the cost of hotel accommodation, and food & non-alcoholic beverage prices increased as a result of higher prices across a range of products such as meat, bread & cereals, and milk, cheese & eggs.
Month-On-Month Price Changes
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Additionally, transport increased by 5.1% month-on-month in June while food and non-alcoholic beverages prices increased by 2.3% month-on-month in June, according to the statement published on CSO.ie, which also noted that transport prices increased month-on-month mainly as a result of a rise in prices for diesel, petrol, air fares, services in respect of personal transport equipment and motor cars while food and non-alcoholic beverages prices increased month-on-month in June as a result of higher prices across a range of products such as meat, bread & cereals, and milk, cheese & eggs.
© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.