Irish price pressures will take time to ease back, says EU

EU projects Irish inflation will slow to an average rate of 4.6% this year, down from its current rate of around 7%, and fall to average rate of 2.6% in 2024

Irish inflation will ease this year but remain at elevated levels even as energy and food prices fall, while the economy will continue to be the best-performing in Europe, the European Commission has forecast.  

In its spring forecasts, the EU projects Irish inflation will slow to an average rate of 4.6% this year, down from its current rate of around 7%. Inflation is then seen falling to an average rate of 2.6% in 2024.