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Inflation could be double what...

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Inflation could be double what has been forecast

RedFM Sport
RedFM Sport

07:07 4 Mar 2022


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There's a warning inflation could double what was expected here by the end of the year.

The ESRI had predicted an inflation rate of between 4 and 6 % in 2022.

However spiralling fuel prices caused by the war in Ukraine have prompted fears the pressure around energy supplies may continue for a lot longer than had previously been expected.

Economist Jim Power has told the Irish Examiner that he believes the Irish inflation rate will peak at close to 10%.


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