Photo: GettyThe pace of inflation in Ireland fell back significantly in June to an annualised rate of increase of 1.5pc. That compares with HICP inflation of 2pc in Ireland in the 12 months to last May and an annual increase of 6pc for the eurozone in the same period. Energy prices are estimated to have fallen by 1pc in the month and decreased by 5.6pc over the 12 months to last June. Food prices also fell slightly in June, by 0.1pc in the last month, and have increased by 2pc in the last 12 months. If energy and food are stripped out then the pace of inflation would be higher at 2.3pc since June 2023.

Source: Irish Independent July 01, 2024 18:27 UTC