Inflation falls to 1.1% on sharp energy price drop

The CSO said energy prices in Ireland fell by 9.5% while food prices increased by 2% over the past year.

Core inflation, which excludes food and energy, rose by 2.3%.

Inflation in Ireland has fallen sharply to a new low of 1.1%.

New data from the Central Statistics Office (CSO) shows prices rose 1.1% for the 12 months to August compared with 1.5% for the 12 months to July. The Harmonised Index of Consumer Prices (HICP) rate in Ireland compares favourably with the 2.6% rate for the Eurozone with updated figures expected to be published on Friday.