Justin Doran
  • Home
  • Research
  • Teaching
  • Teaching Resources
  • ebook
  • Links
  • Contact
  • Media
  • Blog
  • RePEc

Prices Increasing Again in the Year to June

7/14/2011

0 Comments

 
The latest data from the CSO indicates that in the year to June prices have increased by 2.7%.  Consumer Prices in June, as measured by the CPI, decreased by 0.1%.  However, Prices on average, as measured by the CPI, were 2.7% higher in June 2011 compared with June 2010.  This can be observed in Figure 1, where we can see prices slowly climbing again after they bottomed out at the start of 2010.
Picture
Table 1 Shows the underlying changes which have caused the 2.7% increase in the year to June.  It can be observed that increases in the price of Housing, Water, Electricity, Gas and Other Fuels has been the largest contributor to the 2.7% increases, contributing accounting for over half of the total increase in the 12 month CPI (from June 2010 to June 2011).  Following this Miscellaneous Goods and Services has also increased, contributing close to 30% of the increase in the 12 month period.  Other increases in Health and Communications have been relatively small.  Any of the categories which have fallen in price have seen a relatively small decreases.  Clothing and Footwear saw the biggest decrease (which was only -0.17%) followed by a slight decrease in Recreation and Culture.  Overall, the trend appears to be rising prices in most sectors, with only a small few sectors still seeing price decreases.
Picture
0 Comments



Leave a Reply.

    Author

    Justin Doran is a Lecturer in Economics, in the Department of Economics, University College Cork, Ireland.

    Archives

    December 2017
    August 2013
    March 2013
    January 2013
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    July 2011
    June 2011
    May 2011
    April 2011
    March 2011

    Categories

    All
    Competitiveness
    Conference Presentations
    Eu
    Europe
    Finance
    Government Intervention
    Innovation
    Ireland
    Macroeconomy
    Media (Radio/Newspaper)
    Publications
    Uk

    RSS Feed