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Ireland Inflation March 2024

Ireland: Harmonized inflation drops to lowest level since June 2021 in March

Harmonized inflation eased to 1.7% in March below February’s 2.3%. March’s reading represented the lowest inflation rate since June 2021. The slowdown was largely driven by slower growth in prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities decreased at a faster rate.

Annual average harmonized inflation fell to 3.9% in March (February: 4.3%). Meanwhile, consumer price inflation fell to 2.8% in March, from February’s 3.5%.

Lastly, harmonized consumer prices rose 0.34% in March over the previous month, moderating from the 1.11% rise logged in February.

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