A Cabinet sub-committee will meet this week to consider measures aimed at addressing the rising cost of goods and services.
Inflation rates are at their highest in twenty years, with the likes of rent and fuel skyrocketing.
Minister of State at the Department of Transport, Hildegarde Naughton, says the government's planning to take action.
She says financial forecasts suggest high inflation rates are only temporary:
"The positive is that the ECB and the Federal Reserve are expecting that rising inflation to be temporary and it'll be moderate later in the year. A Cabinet sub-committee is meeting this week to discuss it and we hope to have decisions made in the very near future. So what we want to do now is act fast to put in measures that will help alleviate the cost of living measures on both lower income and middle income earners."
