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Highest Inflation Rate Since January 2024 Recorded As Consumer Prices Rise

Meanwhile AIB is projecting inflation could hit 7% this year, if the Strait of Hormuz remains blocked.

Consumer prices went up by 3.7% in the 12 months to April, the highest inflation since January 2024.

That's up from an annual increase of 3.6% in the 12 months to March.

It was 2.6% excluding energy and food, according to the CSO.

Consumer prices rose by half a percentage point between March and April this year.

Meanwhile AIB is projecting inflation could hit 7% this year, if the Strait of Hormuz remains blocked.

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