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Consumer prices rose by 1.3% in year to January

Consumer prices rose by 1.3% in the year to the end of January, according to the Central Statistics Office, maintaining the level recorded at the end of 2019.

Prices fell on a monthly basis, however, by 0.7%.

According to the CSO prices in education saw the biggest increase over the 12 month period, up 4.1%. 

Alcoholic beverages and tobacco prices were 3.8% higher, while utilities including housing, water, electricity, gas and other fuels cost 3.1% more.

Rents were 4.1% higher in the year, while mortgage interest costs rose by 2.9%.

At the same time communications prices were 10.6% lower; while furnishings, household equipment and routine household maintenance prices were down 2.7%.

Meanwhile motor insurance prices were down 6.9% in the year to January, though health insurance prices were 6% higher.

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