Lowest annual rate of inflation since 2010

March saw the lowest annual rate of inflation since Sept 2010 as consumer prices increased by 0.5% year-on-year, down from an annualised rise of 1.1% in February.

According to updated CSO figures published yesterday, prices rose by 0.4% on a monthly basis in March, the lowest monthly rate increase since Oct 2011.

The monthly consumer price index from the CSO shows the most significant price increases, on a monthly basis, came in the areas of clothing and footwear, and transport; while yearly increases were seen in education, and alcoholic beverages and tobacco products.