/ 30 July 1997

Consumer inflation keeps falling

TUESDAY, 2.30PM

CONSUMER inflation fell again in June, with latest Central Statistical Service figures showing the annualised inflation rate for June at 8,8%, or 0,7 percentage points lower than May (9,5%), and its lowest since the 8,4% recorded last September.

The month-on-month increase in the consumer price index from May to June stood at 0,3%, or seasonally adjusted 0,5%, with food and transport among the biggest contributors to the increase. The price index for food shows an annual rate of increse of 12,8% in June, or 1,1 perecentage points higher than in May (11,7%).