Consumer prices fall slightly after euro surge against sterling

Consumer prices fell slightly last month as some of the huge benefits of the surge in the euro against sterling, this year may have been passed onto consumers.

The euro has climbed over 14% against sterling, since the shock UK vote to quit the EU, in June.

It has soared by 20% since the start of the year. Such an enormous rise for a major currency, in less than 11 months, is unprecedented, and the prices of goods for consumers in the Republic should fall sharply.