DUBLIN – Inflation in Eire seems to have peaked and will fall “fairly rapidly” throughout the rest of the yr, Finance Minister Michael McGrath mentioned on Wednesday.
Irish inflation fell on a month-on-month foundation for the primary time in nearly a yr in December after averaging 7.8% in 2022, knowledge confirmed this week. McGrath’s division forecast final September that inflation would common 7.1% in 2023.
“The excellent news is inflation does seem now to have peaked. We expect it should slide down now fairly rapidly throughout the rest of this yr,” McGrath advised Sky Information on the World Financial Discussion board in Davos.
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