The annual rate of inflation fell to 4.6 per cent in August, according to data published today by the Central Statistics Office (CSO).
This is the fourth consecutive decrease in inflation and is due to rising consumer prices over a range of goods such as clothing, household goods and housing.
The CSO figures show that the Consumer Price Index, the method used to measure the change in average prices level paid for consumer good and services, now stands at 116.8 - up 0.3 per cent on last month.
Consumer price increases during the last month have seen clothing and footwear prices up by 4.9 per cent, durable household goods rise by 1.4 per cent and services costs up 0.7 per cent. Houses prices are reported to have increased by 0.9 per cent.
The only items to see a price drop during August were transport (down 1.6 per cent) and fuel (down 0.9 per cent). This is being attributed to the decrease in motor and home heating oil prices during the summer.