Inflation drops below 2% for first time in three years

Prices in the transport sector rose 4%, primarily due to higher prices for airfares, petrol, diesel and motor cars.

Ireland's official measure of inflation has fallen below 2% for the first time in over three years.

According to the Consumer Price Index from the CSO published on Thursday, prices have risen by 1.7% over the past year, with inflation dropping sharply from the 2.2% annual rise recorded in July.