Irish Consumer Prices fall by 0.1% in the year to January; First annual deflation since 1960
Feb 12th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Consumer Prices in January, as measured by the CPI, decreased by 1.7% in the month. This compares to a decrease of 0.5% recorded in January of last year. As a result, prices on average, as measured by the CPI, were 0.1% lower in January compared with January 2008. It is the first annual price fall - - deflation - - since 1960.