Irish inflation falls to three-year low to 0.1%

Falling inflation was largely driven by continued drops in energy prices, which have fallen by 13.5% in the last 12 months

The Irish rate will contribute to wider inflation data set to be published on Thursday by Eurostat, the statistics agency of the European Union. Photographer: Hannelore Foerster/Bloomberg via Getty Images Original IPTC Date: 20100510

Irish inflation has fallen to a three-year low with ongoing falls in energy costs leading to an almost 0% rise in general price levels.

Latest flash estimates from the Central Statistics Office (CSO) for the harmonised index of consumer prices (HICP) found that annual inflation rose by just 0.1% in October, falling well below the euro area average.