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Fri 01 Jan 2008Inflation falls back to 4.7% as price pressures
ease
Prices virtually marked time during the Christmas rush, rising by just one-tenth of 1 per cent. As a result, the annual rate of consumer price inflation eased back to 4.7 per cent in December from 5.0 per cent in November, according to the Consumer Price Index published yesterday by the Central Statistics Office (CSO).
For the year as a whole, consumer price inflation, as measured by the Consumer Price Index (CPI) averaged 4.9 per cent in 2007 compared to 4 per cent in 2006.
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