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

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!

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

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