Inflation rate moderates to 3.1% as eurozone grows faster than expected

Data from CSO reveals energy prices in Ireland over the past year rose 6.5%, as food prices also increased by 0.8%

The EU received a boost from 3.9% quarterly growth in Ireland, mainly driven by multinational firms in IT and communication. Picture: Patrick Bolger/Bloomberg 

Inflation in Ireland was 3.1% in July, down a single percentage point on the June figure.

Data from the CSO shows energy prices over the past year were up 6.5%, while food prices increased by 0.8%.