Inflationary pressures may be starting to moderate

Rates of inflation in both input and output prices hit six-month lows. Picture: Nick Bradshaw

The services part of the Irish economy continued to grow in August but at its lowest level in 17 months as rates of inflation hit a six-month low.

The AIB survey of purchasing managers working in the services industry showed the level of new business continued to increase but the rate of growth slowed for the fourth time in five months. The slower demand was partly linked to inflation and weakerUK markets.