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Consumer prices were flat in November

Prices increases in education, but falls in other areas
Prices increases in education, but falls in other areas

Official figures show that there were few changes in consumer prices last month, with the annual rate of inflation edging up to 2.9% from 2.8% in October.

The Central Statistics Office said prices in November were unchanged from October.

Education costs increased by 2.1% during November, while clothing and footwear prices rose 1.5%. But these rises were offset by falls in other areas, including a 0.6% drop in the alcoholic drinks and tobacco category due to lower prices for wine and spirits in off-licences and supermarkets.

There was also a 0.4% fall in restaurants and hotels, due to a drop in the price of accommodation.

The CSO figures show that mortgage costs fell by 0.3% during the month, but rents crept up 0.2%. Mortgage costs are still 17.8% ahead compared with November last year, however.

Transport costs fell by 0.2%, as air fares fell 2.4% and petrol prices were down 0.6%.

The EU harmonised index - which excludes mortgage repayments - was also unchanged in the month, giving a 1.7% annual increase.