Wednesday May 27, 2020

Inflation figure turns negative again

CSO figures show transport and insurance prices fell in August

8th September, 2016
Is motor insurance price pressure easing? Picture: Fergal Phillips

Official figures show that negative inflation returned last month, led by transport costs as petrol and diesel prices fell.

The Central Statistics Office said consumer prices in August were 0.1 per cent lower than a year earlier, compared with a 0.5 annual inflation figure in July. The July number was the highest in three years. The change in the annual rate was also influenced by last August's 0.4 per cent increase, which dropped out of the calculations.


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