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%.
