Consumer price growth slows in July – CSO

Consumer prices rose by 0.5% in July compared to the same month of 2018, according to the Central Statistics Office.

That represents a significant slowdown in the pace of inflation, which stood at 1.1% in the year to June and 1.7% in April.

In the year to July the cost of housing and utilities – including water, electricity and fuel – rose by 4%, while alcohol and tobacco prices were up 2.5%.

That was counteracted somewhat by a 6.8% fall in communications costs, with furnishings and household equipment costs down 3.8%.

According to the CSO insurance prices are up 0.9% in the past year, however the cost of motor insurance in particular is down 4.9%.

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