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Energy prices fell in May but are 11.9% higher since last year - CSO

Fuel pump close up
The price of fuel fell when compared to April but remains considerably higher year-on-year

Energy prices in Ireland fell by 4.3% between April and May according to a flash estimate of inflation published by the Central Statistics Office.

However, the figures - from the EU Harmonised Index of Consumer Prices (HICP) for Ireland - also show energy prices for May were 11.9% than the same month last year.

Overall, the HICP estimates consumer prices here fell by 0.1% month-on-month in May, and increased by 3.5% in the year to May.

The figures also show food prices have fallen marginally (by 0.1%) in the past month.

All other sub-categories of the HICP saw a month-on-month increase in prices, with unprocessed food 0.5% dearer and processed food up 0.2%.

On an annual basis, processed food is 1.3% more expensive, while unprocessed food is up 2.5%.

A flash estimate for the wider eurozone will be published next week, while the CSO will publish final and more detailed consumer price data for Ireland on 11th June.