Davy Research

Market comment

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

DAVY VIEW

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.

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