Ireland's Inflation Surges, Energy Tensions Blamed

0:00On March 30th, Ireland's inflation rates spiked to 3.6 percent in March, up from 2.5 percent the month before, mainly because energy prices shot up 11.1 percent that month alone. That energy jump, 12.3 percent over the year, ties back to tensions in the Middle East, according to stats from the Central Statistics Office. Food prices actually dipped a bit, down 0.3 percent last month, though they're still 2.3 percent higher than last year, while. Services climbed 0.9 percent monthly, and 3.3 percent annually. Core inflation, stripping out energy and unprocessed food, sits at 2.6 percent for the year, and these numbers came before the governments. 250 million Euro emergency package, cut fuel taxes. EuroStat drops Eurozone figures tomorrow, with Ireland's full consumer price index out on April 9th. So keep an eye on how this ripples across the ANN region.