Inflation falls slightly in August
Inflation fell slightly in August compared to July.The rate decreased by 0.3 of a percentage point, to 2.5 percent, according to the most recent figures in the Consumer Price Index.The Department of Statistics today revealed that consumers paid 2.5 percent more for goods and services than in the same period last year.The rising cost of health care costs was the biggest driver. Increases in the cost of self-prescribed medicines and household medical supplies caused a 7.5 percent increase for the year.Fuel and food were also big drivers, increasing by 12.8 percent and 2.4 percent respectively.The biggest increases in food prices were eggs (up 7.2 percent), legs of lamb (4.5 percent) and cheddar cheese (four percent), with the sector up 2.1 percent as a whole.