Inflation in Ireland drops below 5%

Food prices still 10% more than a year ago

The measure of core inflation which excludes energy and food is 5.7% over the past year. Picture: Denis Minihane.

Inflation in Ireland has fallen below 5% for the first time in almost two years.

New data from the Central Statistic Office (CSO) shows prices have increased by 4.8% in the past 12 months, but rose by 0.8% compared to May.