Petrol and diesel prices are helping drive a rise in inflation. New figures from the Central Statistics Office show that the consumer price index rose by 1.6pc last month when compared with the same month last year. Higher prices for motor cars and a rise in the cost of services for cars were also picked up. Petrol prices are up 20pc this year, with diesel prices up 22pc since June last year. Up to now it aimed to keep the rate of price rises across the bloc at below or close to 2pc.

Source: Irish Independent July 08, 2021 10:52 UTC