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Ireland Consumer Prices Fall For Second Month

Ireland's consumer prices declined for the second straight month in May, data from the Central Statistics Office showed Thursday.

Consumer prices declined 0.5 percent year-on-year in May, following 0.1 percent decrease in April.

On a month-on-month basis, consumer prices fell 0.5 percent in May, after a 0.4 percent decrease in the prior month.

The EU measure of harmonized index of consumer prices, or HICP, fell 0.8 percent annually in May versus a 0.3 percent drop in the preceding month.

On a monthly basis, HICP decreased at a faster pace of 0.6 percent in May, following a 0.4 percent fall in the prior month.

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