Dan O’Brien: When it comes to the inflation crisis, I’m on ‘team transitory’ | Business Post

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Dan O’Brien: When it comes to the inflation crisis, I’m on ‘team transitory’. danobrien20

Last month, the annual rate of inflation in Ireland was 5 per cent, much the same as across the eurozone . Picture: Getty

It has been aeons since inflation was discussed as much as it is these days. For almost a decade across the western world, and in Europe in particular, inflation was as dead as a dodo. Indeed, just a few years ago, European central bankers – those charged with targeting the rate of Irish and eurozone price increases – believed it was unhealthily low.Subscribe from just €1 for the first month!

 

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