Ireland: Harmonized inflation drops in September
Harmonized inflation came in at 8.6% in September, which was down from August’s 9.0%. September’s result marked the lowest inflation rate since May. The reading was driven by moderating price pressures for transportation and housing and utilities. Moreover, prices for recreation grew at a more subdued pace.
The trend pointed up, with annual average harmonized inflation coming in at 7.2% in September (August: 6.8%). Meanwhile, consumer price inflation fell to 8.2% in September, from the previous month’s 8.7%.
Finally, harmonized consumer prices were stable from the previous month in September, following the 0.18% rise recorded in August. September’s result marked the weakest reading since January.