Inflation steady at 2.7% as grocery and insurance costs continue to climb

Inflation holds at 2.7% as grocery, rent and insurance costs continue to rise.

The rate at which the cost of living is rising in Ireland remains steady, with inflation easing by 0.1 percentage points to 2.7% in the year to January, the latest figures show.

The Central Statistics Office (CSO) published its latest Consumer Price Index on Thursday, showing that increases in the cost of groceries, electricity, childcare, eating out and insurance are outstripping the general rate of inflation in the Irish economy.