Cost-of-living: Annual rate of inflation drops again slightly to 7.8%

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The rate of inflation in Ireland is at 7.8%, down slightly compared with previous months

The CSO Consumer Price Index rose by 7.8% between January 2022 and January 2023.

January is the sixteenth consecutive month where the annual increase in the CPI has been at least 5%. “We do believe that this downward trajectory with inflation will continue and will actually accelerate, particularly in quarter two and quarter three of this year, so that is good news,” he said.

 

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Which means we are still paying 7.8% more for products. Remember its down but still up.

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