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Irish harmonised inflation slows to 3.5% on-year in May, as expected

ALN

Ireland’s harmonised annual consumer price index inflation rate decelerated as anticipated in May, data published by the Central Statistics Office showed Thursday.

The country’s on-year harmonised CPI rate, which allows for EU-wide comparison, came down to 3.5% in May from 3.6% in April, and in line with the flash estimate the CSO had released in late May.

On-month, harmonised consumer prices fell 0.2% in May, sharper than the flash estimate of a 0.1% dip, and following a 0.5% rise in April.

Meanwhile, consumer prices in Ireland rose 3.6% on-year in May, slowed from a 3.7% climb in April.

Monthly, consumer prices declined by 0.1% in May after rising by 0.5% in April.

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