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Ireland consumer prices fall in June

Staff Writer |
Ireland's consumer prices decreased for the first time in seven months in June, preliminary data from the Central Statistics Office showed Thursday.

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The consumer price index dropped 0.4% year-over-year in June, reversing a 0.2% increase in May.

The annual decline in June was mainly caused by a 5.3% decline in prices of clothing and footwear.

Prices of food and non-alcoholic beverages fell 2.7%, while health costs grew by 1.4%.

On a monthly basis, consumer prices edged up 0.1% from May, when it decreased by 0.2%.

The EU measure of inflation, the Harmonized Index of Consumer Prices, or HICP remained flat for the third straight month in June.

Month-on-month, the HICP increased 0.1% after a 0.2% fall in May.

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