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Inflation Measured At 8.5% In February

Inflation is back on the rise. New CSO figures found annually, prices rose by 8.5% to the end of Feb...
Ben Finnegan
Ben Finnegan

1:48 PM - 16 Mar 2023



Inflation Measured At 8.5% In...

News

Inflation Measured At 8.5% In February

Ben Finnegan
Ben Finnegan

1:48 PM - 16 Mar 2023



Inflation is back on the rise.

New CSO figures found annually, prices rose by 8.5% to the end of February.

This annual inflation mark is up from 7.7% to the end of January, which shows inflation is not slowing down.

There was a 1.6% increase in prices between January and February.

Energy prices and food and drink saw the biggest annual price increases, at 23% and 13.1% respectively.

Economist Austin Hughes says it could be a while before it slows down:

"In a perfect world, we will come down gradually towards a more orderly and acceptable rise in prices today.

"Price inflation is 8.5%. It's going to take some time and probably some pain to get us back to a more normal level."

The largest month to month rise was in clothing and footwear, which went up by 5.8%.



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CSO Cost Of Energy Cost Of Living Inflation Prices

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