Business
0.2% decline in inflation
October inflation drops to 0.2% as food prices rise, offset by lower costs in vegetables and homeownership.
Inflation in October 2024 saw a slight decline, dropping to 0.2% from 0.4% in September. The Food and Non-Alcoholic Beverages Index rose by 0.4%, driven by price increases in items like chicken, tomatoes, sweet peppers, rice, margarine, fish, melon, and frozen chicken. However, lower prices for Irish potatoes, cucumbers, carrots, and other vegetables partly offset these hikes. Other sectors also saw price increases, with notable rises in alcoholic beverages—0.5%, clothing—0.9%, rent—0.4 %, and household goods—1.4%. Meanwhile, home ownership costs fell by 0.4%, while other sections remained stable.
