Ireland’s rate of inflation has peaked says finance minister

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The latest figures from the European Central Bank show the rate of inflation dropped further than expected.

The latest figures from the European Central Bank show the rate of inflation dropped further than expected, though inflation when energy prices were excluded remained high.

“We do believe that this downward trajectory with inflation will continue and will actually accelerate, particularly in quarter two and quarter three of this year, so that is good news.” Last month a study from the Economic and Social Research Institute forecast core inflation this year to be almost as high 2022 but found that Ireland would be unlikely to enter a recession.

 

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Give me a break..its because people are afraid to spend..who do you think you're fooling.

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