Prices Fall By 2.1% In Year To April

Consumer Prices in April, as measured by the CPI, increased by 0.2% in the month. This compares to a decrease of 0.8% recorded in April of last year. As a result, prices on average, as measured by the CPI, were 2.1% lower in April compared with April 2009.

The EU Harmonised Index of Consumer Prices (HICP) showed no change in the month, compared to an increase of 0.1% in April of last year. As a result, prices on average, as measured by the HICP, were 2.5% lower in April compared with April 2009.

Services prices fell by 1.4% in the year to April, while Goods fell by 2.9%.

Housing, water, electricity, gas and other fuel costs rose due to an increase in the cost of home heating oil and higher average mortgage interest repayments.

Transport prices rose due to increases in petrol and diesel prices.

The clothing and footwear and furnishings sector together with the price of household equipment and routine household maintenance fell due to sales.