The prices of transport, alcoholic beverages, hotels and restaurants increased year on year in March, according to the Central Statistics Office (CSO) Consumer Price Index for March 2022.
According to a statement published on CSO.ie, transport prices increased by 18.7%, year on year, in March, while alcoholic beverage & tobacco prices increased by 7% and restaurant & hotel prices increased by 3.6%.
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 higher airfares, while alcoholic beverage & tobacco prices increased as a result of higher prices for alcoholic beverages sold in supermarkets and off-licences and an increase in the cost of tobacco products. 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.
Month-On-Month Transport Price Increase
Get a FREE Digital Subscription!Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Additionally, transport prices increased by 0.69%, month on month, in March, according to the statement published on CSO.ie, which also noted that this increase was primarily as a result of higher prices for diesel, petrol, airfares and motor cars.
© 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.