Irish inflation cools to 6.3% ahead of ECB hike

The Consumer Price Index was released ahead of another expected interest rate hike from the European Central Bank in an effort to drive down inflation. Picture Denis Minihane.

Annual consumer prices eased to 6.3% in April compared to 7.7% recorded in the previous month as inflation levels continue to cool. 

However, prices for goods and services in Ireland have risen by 6.3% in the 12 months to April, which is slightly higher than previous estimates of 7% by the Central Statistics Office.