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Financial News: Ireland Inflation Slows In February

Ireland Inflation Slows In February

03/12/2020 - 07:28:00 (RTTNews)

(RTTNews) - Ireland's consumer price inflation slowed in February, figures from the Central Statistics Office showed on Thursday.

The consumer price index rose 1.1 percent in February, after a 1.3 percent increase in January and December. A similar rate of inflation was seen in November.

On a month-on-month basis, consumer prices rose 0.6 percent in February, reversing a 0.7 percent fall in January.

The EU measure of harmonized index of consumer prices, or HICP, rose 0.9 percent in February, slower than 1.1 percent increase in the preceding month.

On a monthly basis, HICP rose 0.6 percent in February, after a 0.7 percent fall in the prior month.

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