Energy prices spiked after Russia invaded Ukraine in February 2022, reaching a peak in August that year
Electricity prices were down over 40.7 per cent on the June 2022 level and down by 72.2 per cent on the August 2022 level. Photograph: iStock
The CSO noted electricity prices were down over 40.7 per cent on the June 2022 level and down by 72.2 per cent on the August 2022 level. The quicker-than-expected softening of headline inflation in Ireland and in the euro zone has been driven by falling energy prices. The Republic’s headline rate of inflation, as measured by the CSO’s consumer price index, fell to 2.2 per cent in June.Ireland’s demographic time bomb: too many retirees and too few babies
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