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Inflation Falls Below 5% For First Time In Two Years

The rate of inflation has dipped below 5% for the first time in over two years. Prices rose by 3.9%...
Ben Finnegan
Ben Finnegan

11:41 AM - 14 Dec 2023



Inflation Falls Below 5% For F...

News

Inflation Falls Below 5% For First Time In Two Years

Ben Finnegan
Ben Finnegan

11:41 AM - 14 Dec 2023



Inflation Falls Below 5% For First Time In Two Years

The rate of inflation has dipped below 5% for the first time in over two years.

Prices rose by 3.9% in the year to November.

That's down from a rate of 5.1% in the 12 months to October, according to the CSO.

The most significant price rises in the year were seen in recreation and culture, up over 7%, while restaurant and hotel prices were up 7%.

There was a reduction in prices for electricity, home heating oil, gas and coal.



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Cost Of Living Inflation

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