Posted 4/2/2024, 10:32:35 AM

Irish Inflation Falls Below ECB Target as Energy Prices Drop

Irish inflation fell to 1.7% in March, below ECB's 2% target for first time in nearly 3 years
Drop driven by falling energy prices, which declined 3.1% month-on-month and 8.4% annually
Irish figures will feed into wider euro zone data expected to show inflation decline
ECB expected to begin interest rate cuts as price growth eases across Europe
Energy credits offered relief but household budgets still face pinch as credits end

irishtimes.com