Home > Ireland > Irish consumer prices remained flat throughout 2016

Irish consumer prices remained flat throughout 2016

Written by Robert McHugh, on 19th Jan 2017. Posted in Ireland

article headline

Irish consumer prices remained flat on average during 2016 after failing to rise year-on-year for the fifth successive month in December, data from the central statistics agency showed on Thursday.

Ireland's annual inflation rate hit its highest level in three years in the middle of last year, when prices rose 0.5%, but it turned negative again a month later and the index was flat both month-on-month and year-on-year in December.

The lack of inflation last year compared to a fall in the consumer price index (CPI) of 0.3% in 2015 and slight increases in the two years before that as inflation remains elusive in the European Union's fastest growing economy. (Reuters)

Source: www.businessworld.ie

About us

More articles from Ireland

image Description

Vodafone Ireland announces 120 jobs and €35m investment

Read more
image Description

Infineon Technologies to create 100 Irish jobs

Read more
image Description

Buymedia to create 100 jobs in Galway

Read more
image Description

Accenture Opens New Generative AI Studio in Dublin

Read more
image Description

63% of businesses in Ireland to increase AI spend in 2024

Read more