DUBLIN: According to data issued by Ireland's Central Statistics Office (CSO), the country's inflation rate touched a 22-year high in March.

According to the CSO, average prices for goods and services in the country were 6.7 percent higher in March compared to March 2021, as measured by the Consumer Price Index (CPI).

According to the report, this is the greatest yearly increase in the CPI since November 2000, when Ireland's annual inflation rate surged to 7 percent

"Prices have been rising on an annual basis since April 2021, with annual inflation of 5% or more each month since October," CSO statistician Colin Cotter said.

The highest yearly price increases in March were in transport (up 18.7%), housing, water, electricity, gas and other fuels (up 17.4%), and alcoholic beverages and cigarettes (up 17.4%). (up 7 per cent).

In March, prices for diesel, petrol, and flights were 46 percent, 35.2%, and 69.2% more than in March 2021, respectively, while prices for electricity, gas, and home heating oil jumped by 22.4 percent, 27.9%, and 126.6 percent, respectively, compared to a year ago.

The only divisions that saw a price decrease from March 2021 to March 2022 were miscellaneous goods and services, apparel and footwear, and education, according to the CSO. Prices for the three categories stated above declined 1%, 0.8 percent, and 0.8 percent in March, according to the report.

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