Consumer prices moved higher in May

Inflation rate zero despite rise in transport costs

9th June, 2016
Signs o a pick-up in consumer prices? Pic Pixabay

Official figures show that there was an annual inflation rate of zero per cent in May, though prices rose compared with April.

The Central Statistics Office said consumer prices were unchanged compared with May last year, following three successive months of negative inflation rates.

The harmonised EU measure of inflation recorded an annual fall of 0.2 per cent, after a monthly rise of 0.5 per cent.

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