Growth in the country's service sector slowed in June as price pressures remained elevated.

The AIB Services PMI fell to 55.6 from 60.2 in May.

Readings above 50 indicate overall rises in activity.

The latest reading signalled the weakest increase in activity since last December and completed a full quarter of slowing growth

However, the index remains above its long-run average and is still consistent with strong growth in activity.

The Irish index is also well above the June Services PMIs for the euro zone and UK of 52.8 and 53.4, respectively, as well as the US reading of 51.6.

Today's PMI shows that the weakest growth was seen in business services, followed closely by transport, tourism and leisure, which suffered a notable loss of momentum since May.

The latest data also signalled further elevated inflationary pressures in the service sector.

Both input prices and charges rose at the fourth- fastest rates on record.

Meanwhile, the future activity index weakened again to its lowest level since October 2020.

"The war in Ukraine and elevated inflationary pressures continue to weigh on the outlook for activity," said Oliver Mangan, AIB's chief economist.

"Meantime, businesses continued to experience severe upward pressure on input prices, in particular, fuel, energy, freight and wage costs," he said.

"This in turn saw prices charged to customers rise very sharply for the fourth consecutive month," he added.