No evidence inflation ‘ingrained’ in Irish economy but price increases likely to persist | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

No evidence inflation ‘ingrained’ in Irish economy but price increases likely to persist, the governor of the Central Bank of Ireland has said. peterodwyer1 reports.

Inflation in Ireland surged to 5.7 per cent in December, driven largely by price increases recorded across the energy, transport, housing sectors.

There is no evidence of the current high levels of inflation becoming “ingrained” in the Irish economy but price increases are likely to persist throughout 2022, the governor of the Central Bank of Ireland has said. Gabriel Makhlouf said inflation had been higher in Ireland than across the euro area to date and added that this was likely to continue.Subscribe from just €1 for the first month!

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

peterodwyer1 Inflation is a term used by some to signify price increases, when it's really adding money, which dilutes existing currency, meaning less value money.(QE) The first to get this new money have a great unfair advantage as they have pre price rise cost? Look at who gets it first?

peterodwyer1 He mustn’t be shopping In SuperValu

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bacik proposes paid leave for post-abortion complications | Business PostLabour TD’s suggested legislation also includes paid leave for early miscarriages and for women undergoing IVF treatment
Source: businessposthq - 🏆 8. / 71 Read more »