The annual rate of inflation increased to 5% in November from 4.8% in October, the latest figures from the Central Statistics Office show.

Prices for clothing and footwear, petrol, diesel and food products all rose last month. Inflation last stood at 5% in July.

The CSO says that consumer prices last month rose by 0.6% compared to an increase of 0.3% the same time last year. The annual rate of inflation for services was 6.4% in November, while goods inflation rose by 3.5% in the year.

Today's figures reveal that the costs of clothing and footwear increased by 1.8% last month, while transport costs rose by 1.4% with higher prices for petrol and diesel. Prices for food grew by 1.1% with more expensive prices seen for a wide range of products, including flour, eggs, sweets and chocolate.

Housing, water, electricity, gas and other fuel costs also rose last month due to an increase in home heating oil prices. These were partially offset by a decrease in electricity charges.

Restaurant and hotel prices, however, fell last month due to a drop in accommodation costs.