Ireland's inflation rises to 7.3% in April as price pressures continue to build

Figures suggest that inflation still has some way to go before reaching its peak

Both the Economic and Social Research Institute and the Central Bank have in recent weeks projected that inflation will peak at 8% or just above that level in the summer months, before easing somewhat later in the year.

Ireland's inflation rate rose to 7.3% in April from 6.9% in the previous month, according to new figures that confirm that price pressures have continued to build. 

The Central Statistics Office said that the 7.3% rate under the harmonised measure of inflation compares with the average of 7.5% across the whole of the eurozone.