"The latest flash estimate of the harmonised index of consumer prices (HICP), compiled by the CSO, indicates that prices for consumer goods and services in Ireland are estimated to have risen by 3.6pc in the past year."
"These increases in energy prices may have been influenced by recent events in the Middle East. These prices were collected in mid-March and before the Government measures on energy costs were introduced."
"Increases in the price of home-heating oil in the aftermath of the Iran war were around eight times higher in Ireland than elsewhere in the European Union."
Petrol, diesel, and home-heating oil costs have increased significantly following attacks on Iran. The Central Statistics Office reported a 3.6% rise in inflation compared to last year. Energy prices jumped by 11% in March and 12.3% year-on-year. Food prices decreased by 0.3% in the last month but increased by 2.3% over the past year. The price of home-heating oil in Ireland surged to €1,670 for 1,000 litres, significantly higher than other EU countries, influenced by the Middle East conflict.
Read at Irish Independent
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