On January 14, 2019, according to an official release by Central Statistics Office (CSO), citing cooling food and fuel prices as the reasons, it stated that wholesale and retail inflation reduced to a multi month low with CPI falling to an 18-month low in December,2018. Wholesale inflation (measured by WPI) softened to an eight-month low of 3.8% in December from 4.64% in November, 2018.