Annual rate of inflation still down

The prices of goods and services in Ireland recorded a slight rise last month however the annual rate of inflation is 1.1% lower than at the same time last year, according to figures released today.

Consumer prices in May, as measured by the Consumer Price Index (CPI), increased by 0.6% in the month, compared to a fall of 0.5% recorded in May of last year, the Central Statistics Office said.