Irish consumer prices fell 6.6% in the year to October; Deflation deepened to steepest level since 1922
Nov 12th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Consumer Prices in October, as measured by the CPI, fell by 0.2% in the month. This compares to a decrease of 0.2% recorded in October of last year. Prices on average, as measured by the CPI, were 6.6% lower in October compared with October 2008, compared with 6.5% in September, according to the CSO. Deflation has accordingly deepened again to the steepest level since 1922.