, as demand continues to outstrip supply. figures show the State’s property market continues to be stoked by pandemic-related factors, such as increased savings, remote working and lower-than-anticipated supply.
The CSO’s headline rate of inflation was up from a rate of 14.3 per cent recorded in December and has risen almost continuously since the start of the pandemic. In Dublin, where supply problems are most acute, prices rose at an annual rate of 13.3 per cent while prices outside the capital were 16 per cent higher.
The latest figures come amid a strong pick-up in inflation generally and expectations of interest rate hikes in the near future, which will have reprecussions for mortgage holders.
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