Inflation remains flat during July despite drop in energy prices 

Food prices rose by 1.9% over the last 12 months. 

The rate of Irish inflation remained flat in July at 1.5% as energy prices continue to fall in comparison to last year, according to a flash estimate of the latest Harmonised Index of Consumer Prices (HICP).

HICP is a method of calculating inflation that allows the EU to compare inflation rates across the bloc. It is one of the data points used by the European Central Bank (ECB) when it comes to making interest rate decisions.