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Nine News: George Lee, Economics Editor, reports that consumer prices fell by 1.7% in the 12 months to the end of February
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Nine News: David Davin-Power, Political Correspondent, reports that Social and Family Affairs Minister Mary Hanafin has moved to quell concern about her dept's finances
Prices fell by 0.4% compared with January, mainly due to lower mortgage repayments and rents.
February is the second month in a row in which there was negative inflation.
However, last month's fall was not as big as January's as prices recovered after the January sales.
Prices in the housing, water, electricity, gas and other fuels category, including mortgage repayments and rents, dropped by 4.5% from January.
But clothes and footwear prices rose by 7.5% and prices of furnishings and household equipment moved up 1.7%.
Read the CSO's Consumer Price Index
