Clothing, footwear & furnishing prices decrease

09 Aug '08

2 min read

Consumer Prices in July, as measured by the CPI, decreased by 0.3% in the month. This compares to an increase of 0.3% in July of last year. As a result, the annual rate of inflation fell to 4.4%, down from 5.0% in June 2008.

The most significant monthly price changes were decreases in Clothing & Footwear (-10.9%), Furnishings (-1.4%).

The most notable changes in the year were decreases in Clothing & Footwear (-5.8%) and Furnishings (-1.5%). The annual rate of inflation for Services was 4.5% in July, while Goods increased by 4.2% in the year.

Clothing and Footwear:
Clothing & Footwear prices decreased by 10.9% in the month and by 5.8% in the year to July 2008. This compares to a decrease of 1.4% for the year to July 2007. In the month, as a result of the traditional summer sales, clothing prices decreased by 11.3%, while footwear prices decreased by 9.3%.

In the month, price decreases were recorded for garments (-12.0%), shoes & other footwear (-9.4%) and other articles of clothing (-2.2%). Price increases were recorded for repair & hire of footwear (+0.8%), dress hire&repair of clothing (+0.4%) and dry cleaning& laundry (+0.2%).

Furnishings, Household Equipment and Routine Household Maintenance:
Furnishings cost decreased by 1.4% in the month and by 1.5% in the year to July 2008. This compares to a decrease of 1.1% for the year to July 2007.

In the month, price decreases were recorded for household textiles (-6.6%), tableware & household utensils (-3.2%), furniture & furnishings (-2.2%). Price increases were recorded for carpets & other floor coverings (+0.7%) and miscellaneous accessories (+0.1%).

Central Statistics Office Ireland

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