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Irish annual inflation rate bounces back to 4-month high of 0.4 percent
September 7, 2017 / 10:39 AM / 3 months ago

Irish annual inflation rate bounces back to 4-month high of 0.4 percent

DUBLIN (Reuters) - Irish consumer prices increased by 0.4 percent on an annual basis in August, the fastest rate reported since April, data showed on Thursday.

FILE PHOTO - A man looks at a window display of jewellery on Grafton Street, Dublin, November 18, 2010. REUTERS/Cathal McNaughton

Consumer prices also rose 0.4 percent on a monthly basis in August, after a decrease of 0.2 percent the previous month. Prices were unchanged on an annual basis in July.

Ireland has been the European Union’s fastest growing economy for three years, but inflation has remained broadly flat over the period.

Price increases over the past 12 months were most pronounced in housing, utilities, restaurants and hotels, the central statistics office said in a statement.

Reporting by Conor Humphries; Editing by Alison Williams

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