Pace of consumer price inflation cools to 2.2%

There was double digit inflation recorded for certain staple food items such as potatoes and olive oil which were 18% and 24% pricier in the 12 months.

The annual pace of inflation has also cooled dramatically from 6.1% recorded in June last year compared to the same month in 2022: Larry Cummins 

The annual pace of inflation slowed again in June to nearly a three-year low, according to figures from the Central Statistics Office (CSO).

Consumer price inflation rose by 2.2% last month, down from 2.6% in the 12 months to May, as prices continue to stabilise following a period of high interest rates to drive down sticky inflation.