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Transport, Alcoholic Beverage, Hotel And Restaurant Prices Increased Year On Year In March

By Dave Simpson

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.

Data

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

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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.

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