Inflation cools in February to 3.4% as energy prices fall further 

February figures marks only the fourth time that annual inflation has fallen below 5% since September 2021

Core inflation, which excludes volatile price items such as energy and food, rose by 4.6% on an annual basis, with the key drivers of rising prices coming from recreation and culture, up 7% year-on-year as well as restaurants and hotels, up 6.4%. 

Irish inflation fell to 3.4% in February, falling from an annual rate of 4.1% in the previous month, new data from the Central Statistics Office reveals.

It marks only the fourth time that annual inflation has fallen below 5% since September 2021 and is the second time in the same period that inflation has fallen below 4%, reflecting a marginal ease in pricing pressure for Irish households.