Irish prices fall most in eurozone

CONSUMER prices in Ireland dropped by more than in any other eurozone country last month.

Based on a European measure which excludes mortgage interest relief, prices in Ireland fell by 2.6% in July, compared with 1.7% in Belgium, which saw the second-biggest drop.

Across the eurozone, consumer prices fell the most in at least 13 years, reducing the likelihood of interest rates rising any time soon.