Harmonized inflation declines to lowest level since April 2022 in January
Harmonized inflation dropped to 7.5% in January below December’s 8.2%. January’s figure represented the weakest inflation rate since April 2022. The lower print was driven by weaker price pressures for recreation and utilities.
Annual average harmonized inflation rose to 8.3% in January (December: 8.1%). Meanwhile, consumer price inflation fell to 7.8% in January, from the previous month’s 8.2%.
Lastly, harmonized consumer prices dropped 0.95% in January over the previous month, a sharper drop than December’s 0.26% drop.
Ireland Inflation (Core, ann. var. %, aop) Data
|Inflation (Core, ann. var. %, aop)||0.4||0.5||0.9||-0.4||2.3|