The annualised rate of price growth in Ireland was put at 1.6 per cent in April down from 1.7 per cent in March
The annualised rate was down from 1.7 per cent in March and was below a rate of 2.4 per cent for the euro zone as a whole. The Irish numbers will feed into wider euro zone inflation figures due out on Tuesday, which are also expected to show a decline for April.Return of own-brand formula highlights big companies’ profits - SenatorThe easing of headline inflation across the euro zone is expected to prompt a change in European Central Bank monetary policy with Frankfurt forecast to reduce interest rates in June following 10 straight rate hikes since July 2022.
While the HICP is used to allow comparisons across euro zone countries, the official measure of Irish inflation is the Consumer Price Index . That put the headline rate of inflation in Ireland at 2.9 per cent in March.The latest HICP figures showed that prices rose by 0.2 per cent on monthly basis in April.