Ireland's EU harmonized inflation weakened to the lowest level in twenty-seven months in April, data released by the Central Statistics Office showed Thursday.
Inflation as per the harmonized index of consumer prices (HICP) eased to 0.5 percent in April from 0.6 percent in March. The latest figure was the lowest since January 2011, when consumer prices moved up 0.2 percent.
Among the major sub-categories, transportation costs recorded a sharp annual growth of 2.5 percent, and housing costs and utility prices advanced by 3.7 percent. Clothing and footwear prices were higher by 1.8 percent than in March, and food and non-alcoholic beverages prices higher by 1.5 percent.
Month-on-month, the HICP edged down 0.1 percent in April after rising 0.4 percent in the previous month, data showed.
At the same time, the consumer price index rose 0.5 percent annually in April, unchanged from the growth recorded in March. Sequentially, consumer prices stayed flat, following the previous month's 0.4 percent gain.
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