Business Irish

Sunday 21 January 2018

Winter sales and mortgages bring January inflation down reporters

INFLATION fell to 2.2pc in January, new figures show.

The rate has fallen for two months in a row having hit 2.9pc in November.

According to the Central Statistics Office, winter sales and lower mortgage costs brought the rate down 0.5pc in January.

Year-on-year, however, the rate increased.

The price of clothing and footwear fell by 10.7pc while furniture and other household goods dropped by 2.5pc.

Clothing and footwear prices fell by 10.7pc during January, while prices of furniture and other household equipment dropped by 2.5pc.

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