Ireland harmonised consumer inflation slows to 2.7% in January

(Alliance News) - Irish annual harmonised consumer price inflation slowed in January, according to a flash estimate, the Central Statistics Office reported on Wednesday.

On a harmonised basis, allowing for EU-wide comparison, the rate of annual consumer price inflation slowed to 2.7% in January, from 3.2% in December, according to a flash estimate.

On a monthly basis, harmonised consumer prices were 1.4% lower in January, having risen 0.4% in December from November.

Energy prices fell by 0.8% in January from December, and by 7% from the same month a year prior. Food prices fell 0.2% on-month, but increased by 4.3% on an annual basis.

According to a separate release, the seasonally adjusted unemployment rate in January was unchanged from December at 4.5%. It was up from 4.2% in January the year before.

The unemployment rate for men was up to 4.6% from the revised rate of 4.3% in December, and also from 4.3% in January 2023. It fell to 4.4% for women in January, from the revised rate of 4.8% in December, and was up from 4.1% in the same month a year prior.

By Holly Beveridge, Alliance News reporter

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