Ireland’s consumer prices dropped for the fifth straight month in April, data from the Central Statistics Office showed Thursday.
The consumer price index declined 0.7 percent year-over-year in April, compared to a 0.6 percent decrease in the previous month. It was the biggest fall since prices started dropping in December.
Transport costs fell 6 percent annually in April, mainly due to lower petrol and diesel prices, and clothing and footwear prices went down by 4.5 percent. Prices of food and non-alcoholic beverages declined 2.4 percent, while prices of utilities and those in restaurants and hotels grew 1.7 percent each.
The harmonized index of consumer prices, or HICP, which is meant for EU comparison, dropped 0.4 percent year-on-year in April, slower than the previous month’s 0.3 percent decrease.
Month-on-month, consumer price inflation eased to 0 percent in April from 0.6 percent in the previous two months. The HICP declined 0.1 percent, compared to the 0.6 percent increase in the previous month.
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