Food inflation decreased from a high of 17.3% in January 2023 to 10.1% in June.
The latest Economic Bulletin from the Central Bank said slower retail price movements in several major categories of food underpinned the deceleration, which included bread from 19.8% to 15.3%, and vegetables from 28.1% to 17.5%.
Overall, the Central Bank noted that headline inflation decelerated from 8.3% in January to 5.8% in June, averaging 6.8% over the six month period.
This, it said, was mainly due to slower price increases in both food and core inflation.
Meanwhile, it said the latest data from the CSO indicates that the unemployment rate fell in the first quarter of 2023, measuring 4.9%, which was slightly lower than the 5.1% recorded a year earlier.
The number of people with jobs decreased by 8,100 persons year-on-year, while the number of unemployed persons fell by 1,600.