CSO: Lower fuel and grocery costs drive Irish prices down

Prices were 0.6% lower last month than in the same period of 2014 as fuel and grocery prices contributed to the longest decline in prices on an annual basis since the middle of 2010.

The latest Consumer Price Index (CPI) shows that between February and March prices actually picked up to the same degree (0.6%) on a monthly basis but remained lower than at the equivalent stage of last year.

The global slide in fuel prices once again drove much of the decline with transport costs down almost 5% year-on-year in March.