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Annual rate of inflation falls to 2.1% in June

Inflation - June figure back down to 2.1%
Inflation - June figure back down to 2.1%

Figures from the Central Statistics Office today show that the annual rate of inflation fell to 2.1% in June from 2.4% in May.

The CSO said that prices increased by 0.3% in June, compared to an increase of 0.6% in June of last year.

The figures show that in the year to June, a decrease of 0.2% was recorded for goods, while the annual rate of inflation for services rose by 4.3%.

The CSO said that the main price changes during the month included a 1.1% increase in restaurant and hotel prices, a 0.7% increase in electricity and gas charges and a 0.5% increase in alcohol and tobacco prices. These increases were partially offset by a 1.4% fall in the price of clothes and shoes.

The EU Harmonised Index of Consumer Prices also increased by 0.3% in the month, compared to a 0.5% increase the same time last year. The annual rate of inflation, as measured by HICP, fell from 2.2% in may to 1.9% in June.