Irish Consumer Prices fall by 1.7% in the year to February - - greatest decline since Q1 1960; Services fell 0.7% in year; Goods fell by 2.8%
Mar 12th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Consumer Prices in February, as measured by the CPI (Consumer Price Index), fell by 0.4% in the month. This compares to an increase of 1.2% recorded in February of last year. As a result, prices on average, as measured by the CPI, were 1.7% lower in February compared with February 2008, according to the CSO. This was the greatest fall in CPI inflation since Q1 1960 when the rate was minus 2%.