Inflation continues to ease

There has been a further easing at the rate in which prices are rising.

Inflation is estimated to have been 5.4% in the twelve months to May, down from 6.3% in the year to April.

The CSO has released an estimate for the EU Harmonised Index of Consumer Prices.

Energy costs fell by 3.1% in May, while food prices increased by 0.4% in the same period.

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