Irish consumer prices fall further in September

FILE PHOTO: A man walks past a sign in a window saying 'there's gonna be good times', amid the coronavirus disease (COVID-19) pandemic, in Galway, Ireland, September 9, 2020. Picture taken September 9, 2020. REUTERS/Clodagh Kilcoyne/File Photo

DUBLIN (Reuters) - Irish consumer prices fell further in September, posting the sharpest year-on-year fall since 2010 with prices down 1.2% compared to the same period a year ago, data from the Central Statistics Office (CSO) showed on Thursday.

Consumer prices have dropped on an annual basis for six straight months since the economy went into one of Europe’s longest lockdowns to slow the spread of COVID-19 and were 0.4% lower month-on-month in September as restrictions were reintroduced.

The CSO said the most notable annual declines were a 8.1% dip in communications costs and a 5.8% drop in clothing and footwear. Private residential rents, which have surged to record levels in recent years, fell by 2.6% year-on-year.

Reporting by Padraic Halpin; Editing by Toby Chopra