Irish annual inflation rate slows in July, unemployment rises

Ireland’s annual consumer price index inflation cooled in July while unemployment increased, data published by the Central Statistics Office showed Thursday.

The country’s annual consumer price inflation rate eased to 1.7% in July from 1.8% in June.

On a monthly basis, consumer prices rose 0.1% in July from June. They had advanced 0.5% in June from May.

On a harmonised level, allowing for EU-wide comparison, Ireland’s annual consumer price inflation rate remained unchanged at 1.6% in July.

The monthly price growth eased to 0.2% in July from 0.5% in June.

Separately, CSO reported that Ireland’s unemployment rate increased to 4.9% in July from 4.6% in June.

The unemployment rate for females rose to 4.7% in July from 4.3% in June, while the rate for males increased to 5.0% in July from 4.8% in June.

The youth unemployment rate, for those aged between 15 and 24, increased to 12.2% in July from 11.3% in June.

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