Inflation in Ireland fell back again in January after an uptick in December, according to Eurostat. The inflation rate is down on the 3.2pc annual hike recorded December. The Irish figure is from the EU’s Harmonised Index of Consumer Prices (HICP), which does not include mortgage interest repayments. Food prices are still 4.3pc higher than they were a year ago, though the inflation rate is slowing. Last year food price inflation was in double digits.

Source: Irish Independent January 31, 2024 23:47 UTC