Consumer prices see 0.9% rise

Consumer prices rose by 0.9% in February, representing the first monthly increase since last October.

However, the annual rate of inflation was largely unchanged — going from 2.2% in January to 2.1% last month. Ireland’s inflation rate, though, has fallen steadily from a high of 3.2% last April.

“This is a welcome relief for the Irish consumer, despite the recent VAT rise. However, the continued inflation in the important household and energy and transport sectors will put pressure on households.