Sign up to The Irish Times Archive (1859 - 2008)My Account »
Thu 06 Jun 2009Annual deflation rate hits 4.7%
Prices fell 4.7 per cent in the year to May, the steepest rate since 1933, according to new data from the Central Statistics Office (CSO).
The Consumer Price Index (CPI) fell 4.7 per cent on an annual basis and by 0.5 per cent in the month. This compares to an increase of 0.8 per cent recorded in May 2008.
Choose a Subscription type - required
