BREAKING NEWS

BREAKING NEWS

Irish annual inflation growth slows a touch, up on the month

Now Reading:

Irish annual inflation growth slows a touch, up on the month

Text size Aa Aa

DUBLIN (Reuters) - Irish annual inflation slowed a touch to 0.7 percent in August but a month-on-month rise of 0.3 percent saw consumer prices grow for a fourth successive month for the first time in over two years, data showed on Thursday.

Inflation has remained broadly flat in Ireland since 2012, most recently held back by the Brexit-triggered decline in the value of sterling against the euro that has made the economy's large proportion of British imports cheaper.

Consumer prices had risen at their fastest annual pace in more than a year in July as higher energy costs pushed inflation to 0.8 percent, the Central Statistics Office said.

(Reporting by Padraic Halpin; Editing by Matthew Mpoke Bigg)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.