Irish Economy Watch - August 2024
by AIB Treasury's Economic Research Unit
- House prices continue to trend sharply higher. They were up 8.6% YoY in June.
- Consumer prices rose by 0.2% in July, amid further increases in transport and hospitality costs.
- Revisions to the data show the unemployment rate averaged 4.4% in Q2’24 up from 4.3% in Q1’24. Furthermore, the jobless rate rose again to 4.7% in July.
- The preliminary reading indicates GDP expanded by 1.2% in Q2’24, but it remained 1.4% lower in YoY terms.
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