Inflation in Ireland decreased to 3.4% in February from 4.1% in January, with core inflation at 4.6%.

Inflation in Ireland slowed to 3.4% in February, down from an annual rate of 4.1% in January, easing the pressure on households. Core inflation, which excludes volatile energy and food prices, remained elevated at 4.6%. The European Central Bank (ECB) will not begin to bring interest rates down until it sees a sustained downturn in core inflation, driven by price growth in the services sector.

March 14, 2024
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