Irish inflation drops below ECB's 2% target for the first time in 3 years, with HICP at 1.7% as of March 2024.
Irish inflation fell below the European Central Bank's (ECB) target rate of 2% for the first time in nearly three years, with the annual harmonised index of consumer prices (HICP) for Ireland estimated to have increased by 1.7% in the 12 months to March 2024. The rate of inflation has slowed, with energy prices estimated to have fallen by 3.1% in March and by 8.4% over the 12 months to March. Food prices are estimated to have decreased by 0.1% in the last month, but have risen by 2.6% in the last 12 months.
12 months ago
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