March 14, 2019 / 11:24 AM / 6 months ago

Irish house prices cool further as wider inflation remains muted

DUBLIN, March 14 (Reuters) - Irish annual house price growth cooled further in January to 5.6 percent compared with a rate more than twice that a year ago as prices in Dublin rose by just 1.9 percent, the Central Statistics Office (CSO) said on Thursday.

A spectacular housing bust saw house prices in Ireland fall by more than 50 percent from their 2007 peak, but after six years of growth, they are now 18.4 percent below that peak.

Inflation across the economy remains muted, however, with separate CSO data showing consumer prices grew by 0.6 percent in the year to February, down from 0.7 percent in the previous month. (Reporting by Padraic Halpin and Conor Humphries; Editing by Alison Williams)

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