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Financial News: Ireland Consumer Prices Fall For Second Month

Ireland Consumer Prices Fall For Second Month

06/11/2020 - 07:40:00 (RTTNews)

(RTTNews) - Ireland's consumer prices declined for the second straight month in May, data from the Central Statistics Office showed Thursday.

Consumer prices declined 0.5 percent year-on-year in May, following 0.1 percent decrease in April.

On a month-on-month basis, consumer prices fell 0.5 percent in May, after a 0.4 percent decrease in the prior month.

The EU measure of harmonized index of consumer prices, or HICP, fell 0.8 percent annually in May versus a 0.3 percent drop in the preceding month.

On a monthly basis, HICP decreased at a faster pace of 0.6 percent in May, following a 0.4 percent fall in the prior month.

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