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Ireland inflation slows in December

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Staff Writer |
Ireland inflation slows
Ireland   The consumer price index climbed 0.4% year-over-year

Ireland's consumer price inflation eased for the second straight month in December, though marginally, data from the Central Statistics Office showed Tuesday.

The consumer price index climbed 0.4% year-over-year in December, just below the 0.5% increase in November. The measure has been rising since August.

Utility costs grew 3.6% annually in December, while prices of food and non-alcoholic beverages dropped by 1.2%.

On a monthly basis, consumer prices edged down 0.1% from November, when it decreased by 0.2%.

The annual average rate of inflation in 2017 was 0.4% compared with no change for 2016.

Inflation, based on the harmonized index of consumer prices, held steady at 0.5% in December.

Month-on-month, the HICP increased at a stable rate of 0.1% in December.

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