Inflation cools to 3.6% amid falling energy prices

However, the figures from the CSO showed shoppers are still paying high prices for food.

Food prices are estimated to have grown by 0.2% in the last month and increased by 6.7% in annual terms.

Irish inflation fell dramatically to 3.6% in October, compared to 5% in the previous month, according to an EU-wide measure used by the Central Statistics Office (CSO).

The decline was driven by a fall in energy prices, showed the latest Flash estimate for the Harmonised Index of Consumer Prices (HICP).