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Inflation eased to 5% in January for first time in 14 months | Business Post

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Inflation eased to 5% in January for first time in 14 months, reports ConalThomas.

The CSO’s latest consumer price index showed the sector with the largest increase in the year to January was transport. Picture: Getty

Annual inflation eased back to 5 per cent last month after a 20-year high in December, according to figures released today by the Central Statistics Office. Consumer prices in January decreased by 0.4 per cent month-on-month. This is the first monthly decrease following 14 months of rising prices. Prices have been rising on an annual basis since April 2021, with annual inflation of 5 per cent or more each month since October, and a record high...

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