Low demand set to ‘contain’ inflation
The Central Statistics Office yesterday said prices in April, as measured by the Consumer Price Index, remained unchanged in the month. Prices also showed no change in April of last year. Prices on average, as measured by the CPI, were 0.5% higher in April compared with Apr 2012.
Merrion Stockbrokers economist Alan McQuaid said domestic inflationary pressures in Ireland are likely to remain depressed for some time to come.