Significant slowdown in inflation in October from 5% to 3.6%

The annual rate of inflation has eased considerably in the past twelve months, newly released figures show.

According to the latest "flash" estimate of inflation from the Central Statistics Office, the annual rate in October declined to 3.6%.

This is the lowest rate since August 2021, just before the latest cycle of price rises took off.

The report shows that when compared to the 5% inflation rate in September, the figure for October marks a ...