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Consumer prices falling

By admin / April 7, 2016

Ireland’s headline inflation rate has been negative for 12 of the last 15 months, CSO figures show.

 

Consumer prices fell by 0.3 per cent in the year to March, according to the latest official figures. The primary drivers were decreases in transport (-5.9 per cent), furnishings and household equipment (-2.5 per cent), and clothing and footwear (-2.4 per cent).

There were, however, increases in miscellaneous goods and services (+4.3 per cent ), education (+3.8 per cent) as well as restaurants and hotels (+1.7 per cent).

Ireland’s headline inflation rate has been negative for 12 of the last 15 months, mirroring a similar trend across the euro area, which recorded an annual rate of -0.1 per cent last month.

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