The headline inflation in the Irish economy slowed to 7 percent in March - mainly due to the lower energy prices on the international markets.
However, food prices were still rising. Food prices in Ireland rose by 1.1 percent and had risen 13.5 percent in the last 12 months. Food prices going up are a reflection of the higher input prices faced by producers.
Although core inflation levels are leveling off, the continuing rise in the prices of food is most certainly having a corrosive effect on people's economic means.
Inflation will moderate over this year all the analysts are predicting - however the euro in your average punter’s pocket feels substantially lighter than it did 12 months ago.
