Inflation eases to 3.4% in February but underlying price growth remains strong

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Inflation eases to 3.4% in February but underlying price growth remains strong
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Latest Consumer Price Index indicates headline inflation has now fallen for three consecutive months, reflecting a general easing of pricing pressures internationally

Inflation eases to 3.4% in February but underlying price growth remains strongWhen I moved back from Amsterdam, it was clear it was to a much emptier Dublin

The sectors with the biggest price increases were clothing and footwear and transport . The CSO said the increase in clothing and footwear “was due to a recovery from sales”. Nonetheless the agency noted that this was only the fourth time since September 2021 that the annual rate of inflation was lower than 5 per cent.

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