The pace of annual price inflation slows to 1.5% in June

Energy prices dropped 5.6% in the period and fell 1% in the month, however, European energy markets are once again feeling the heat as contracts edge higher

The CSO figures showed food prices fell marginally by 0.1% in June, but jumped 2% in annual terms. 

Falling energy prices continued to drive down consumer inflation in June, but grocery costs remain stubborn, according figures from the Central Statistics Office (CSO).

In its Harmonised Index of Consumer Prices (HICP), the CSO estimated annual consumer prices were 1.5% higher last month compared to 2% in the year to May, while prices crept up slightly in the month by 0.3%.