Irish Consumer Prices Fall at Fastest Rate in Four Years

By square1
Irish Consumer Prices Fall at Fastest Rate in Four Years

The Irish Consumer Price Index (CPI) has fallen into negative figures for the second month in a row, raising fears that Irish retailers could feel the effect from the subsequent change in consumer spending.

According to the CSO, food and non-alcoholic beverages fell by 2.4%, thought to be due to, “lower prices across a range of products such as vegetables, bread and cereals and meat”. The biggest percentage change in this category was for potatoes, which saw a considerable decrease of 10.7%.

However, the latest CPI statistics are not all negative for FMCG retailers, as alcoholic beverages and tobacco have risen this year by 1.5%.

These latest figures serve as only the third time since 2010 that the CPI has fallen into negative figures, dipping only in December and February last year.

© 2015 - Checkout Magazine by Hannah Popham. 

ADVERTISEMENT

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.