Market comment - Irish CPI inflation still in negative territory at -0.2% in July

Davy Research
/Read Important Disclosures

Irish CPI inflation was -0.2% in July, reflecting sterling’s depreciation pushing down on import prices. New data also showed that the 5.1% Irish GDP growth recorded in 2016 was broad-based, with the multinational sector expanding by 4.9% and indigenous companies by 5.3% – reflecting the buoyant recovery in domestic demand.