Annual inflation remains flat in May, new figures show

Falling energy prices countered by rising transport costs, CSO data shows

Food and drink prices increased by 2.6% in May compared to last year. 

Annual inflation remained flat at 2.6% during the month of May, with falling energy prices being countered by rising transport and recreation costs, new data from the Central Statistics Office (CSO) shows.

According to the data, in the 12 months to the end of May, energy product prices have dropped by 3.6%. Clothing and footwear also saw a significant drop, down 6.3% year-on-year.