The speed of inflation continued to ease final month, in response to new information from the Central Statistics Workplace.
Client costs rose by 3.4% within the yr to the top of February, in comparison with a fee of 4.1% within the yr to the top of January.
The CSO mentioned it was solely the fourth time since September 2021 that the annual fee of worth progress was beneath 5%.
Costs in recreation and tradition noticed the largest year-on-year will increase, up 7% in February.
Restaurant and resort costs had been 6.4% greater.
In the meantime mortgage curiosity costs had been up 27.7% within the yr – reflecting the impression of the European Central Financial institution’s rate of interest will increase.
Nevertheless power costs – which had beforehand been the largest contributor to cost rises – had been down 6.4% year-on-year, in response to the CSO.
Utilities and native expenses fell by 14.3%.
Different segments to see costs fall within the yr included clothes and footwear, which noticed worth declines of three.6%. The worth of furnishings, family tools and routine family upkeep additionally fell barely.
Alongside the general index, the CSO additionally revealed common costs for chosen items and companies.
It reveals that the value of a 2.5kg bag of potatoes rose by 42c within the yr, whereas Irish cheddar was 22c dearer per kilogram.
On the identical time the value of a pound of butter fell by 11c, whereas two litres of full fats milk price 9c lower than in February 2023.
