Restaurant and hotel prices increased year on year last month, according to data revealed by the Central Statistics Office (CSO) in its Consumer Price Index (CPI) for June 2023.
Data
According to a statement published on CSO.ie, the CPI rose by 6.1% year on year last month - down from an annual increase of 6.6% in the 12 months to AMay of this year.
Annual Changes
According to the statement published on CSO.ie, recreation & culture prices increased by was 10.4% year on year, food & non-alcoholic beverages prices increased by 10.2% year on year, restaurants & hotels prices increased by 8.3% year on year, and transport prices decreased by 4.1% year on year.
According to the CSO statement, recreation & culture increased primarily as a result of higher prices for package holidays, recreational & sporting services participation, and products for pets; food & non-alcoholic beverages increased as a result of higher prices across a range of products, including meat, bread & cereals, milk, cheese & eggs, and vegetables; restaurants & hotels increased annually mainly as a result of higher prices for alcoholic drinks and food consumed in hospitality venues, and an increase in the cost of hotel accommodation; and transport decreased mainly as a result of lower diesel, petrol, passenger transport by bus & coach, and services in respect of personal transport equipment prices, with this decrease being partially offset by higher airfare and motor car prices.
Read More: Irish Restaurant And Hotel Prices Increased Year On Year In May, Notes CSO
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