Ireland is facing one of the sharpest increases in inflation in generations. Much of the rise in consumer prices has been as a result of the global economy recording higher levels of demand following a relative period of ‘slumber’ during Covid-19 related restrictions and lockdowns. This high level of resurgent demand - alongside supply chain disruptions, the Suez Canal blockage, higher fuel/transport costs, protectionism and geopolitical volatility – have all contributed to what is being termed a cost of living crises’.
Read More
