Consumer prices rose by 0.7pc in October when compared with a year earlier, according to figures from the Central Statistics Office (CSO).
Motor insurance premiums were up by 10.8pc in the month when compared with a year previously.
Home insurance rates were 7.6pc higher, according to the CSO consumer price index, which is the official measure of inflation in this country.
Health insurance costs are up by 10.4pc in the year after a string of price rises from VHI Health, Laya Health and Irish Life Health.
Wine was 1.4pc more expensive when compared with last year, with cigarettes prices rising by 9.2pc, the CSO found.
The rate of inflation may be under 1pc, but consumers are still paying elevated prices for goods and services after two years of rapid cost increases.
And the Government is worried another cost-of-living crisis could be on the horizon after Donald Trump secured a second term in the White House.
There is a fear in Government circles that if Mr Trump pulls support from Ukraine, like he said he would, then Russia could take more territory.
This would in turn affect food and energy prices.
CSO statisticians said the 0.7pc annual rise in prices for October was the same as the rate recorded for the previous month.
Prices in the month of October rose by rose by 0.3pc when compared with September.
Over the last year, the CSO said consumers have been hit with higher prices for alcoholic drinks and food consumed in licensed premises, restaurants and cafes.
The statisticians also recorded higher prices for package holidays, recreational and sporting services and cultural services.
CSO statisticians picked up on higher premiums for health and motor insurance and an increase in prices for hairdressing salons and personal grooming.
But this increase was partially offset by lower prices for childcare services and appliances, articles and products for personal care, it said.
The cost of wine sold in supermarkets and off-licences has increased in the last year.
Clothing and footwear costs fell due to sales.
CSO statistician Anthony Dawson said October said October saw price increases for a pound of butter, which went up by 49c over the last year.
A 2.5kg bag of potatoes was 31c dearer than a year ago, and Irish cheddar cheese per kg was 9c more expensive with a two litres of full fat milk up in price by 3c.
There were decreases in the price of spaghetti per, a loaf of white sliced pan and an 800g loaf of brown sliced pan when compared with October 2023.
The figures mean prices continued to rise last month, but the rate of increase is easing, according to a measure of inflation used across the Eurozone.
Experts said it could take at least two years before people get back the purchasing power and standard of living they had before inflation took off after the Russian invasion of Ukraine.
Food prices have jumped by up to 25pc cumulatively over the last two to three years.
