Advance CPI rises to 2.8% in November as food and fuel costs climb

The Department of Statistics’ advance indicator puts year‑on‑year consumer inflation for November at 2.8%, up 0.1 percentage point from October’s 2.7%. The estimate is preliminary, produced with roughly 99% of prices entered, and may be revised when the final figure is published on the 15th.

Statistics said the rise was driven mainly by higher prices for food and non‑alcoholic beverages and by an increase in transport costs, with fuels singled out as a key factor. For items lacking updated November data, October values are used as a reference in the advance calculation.

The 2.8% reading equals the highest annual rate registered so far this year, matching September’s figure. It is above the level a year earlier, which was around 2.3–2.4%, and well below the 2023 peak of about 5%.

Among neighbouring countries, Spain’s advance CPI for November is 3.0%, down 0.1 point from October’s 3.1%, while France’s preliminary rate is 0.9%, also 0.1 point lower than in October.