Irish Consumer Inflation falls sharply to 2.5% in November; Ireland is on path to deflation in 2009 for first time since 1946
Dec 11th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Consumer Price Inflation in November, as measured by the CPI, decreased by 0.9% in the month. This compares to an increase of 0.6% recorded in November of last year. As a result, the annual rate of inflation fell to 2.5%, down from 4.0% in October 2008, the CSO said today. Goodbody Stockbrokers Chief Economist says Ireland is on path to deflation in 2009 for first time since 1946.