New figures from the Central Statistics Workplace present that the annual charge of inflation slowed to 2.9% in March, down from a charge of three.4% in February.
March marked the fifth consecutive month the place the inflation charge was decrease than 5%.
The CSO mentioned that eating places and motels costs rose by 5.5% final month on an annual foundation primarily resulting from greater costs for alcoholic drinks and meals consumed in licensed premises and eating places in addition to a rise in the price of lodge lodging.
March additionally noticed greater costs for bundle holidays, whereas transport prices rose by 3.7% primarily resulting from greater costs for petrol, diesel and vehicles, with these greater costs partially offset by decrease costs for airfares.
Increased costs for medical insurance and automobile insurance coverage premiums and hairdressers have been additionally recorded final month, whereas clothes and footwear costs fell by 6.6% resulting from gross sales.
At present’s CSO figures additionally present that shopper costs rose by 0.5% in March on a month-to-month foundation. The largest month-to-month worth modifications have been will increase in transport prices, which rose 2.9%, whereas the price of Recreation & Tradition actions elevated by 2.8%.
The largest decreases have been recorded in the price of Housing, Water, Electrical energy, Fuel and Different Fuels, which fell by 1.8% and Clothes & Footwear costs, which slowed by 1.8%.
