Irish inflation drops to near three-year low

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Falling energy prices drives headline rate lower but underlying price growth remains elevated

The annual rate of inflation in the Irish economy softened to 2.6 per cent last month, down from 2.9 per cent previously.

The Central Statistics Office’s latest consumer price index , the official measure of inflation here, indicated that electricity prices have fallen by 22 per cent in the last 12 months while gas prices were down by almost 19 per cent.Sports fans told to brace for impact of Dublin Airport passenger cap

The agency said this is the sixth time since September 2021 that the annual growth in the consumer price index was below 5 per cent, while April was also the sixth consecutive month where the inflation rate was lower than 5 per cent.‘We got a ring, it looked like a washer’: Irish victims lose thousands in global online shopping scam centred in China

 

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