Inflation | Business Post

Aidan Regan: The truth is that nobody knows what will or won’t work to end this inflation crisis

Governments and central banks are desperate for a silver-bullet solution to the current inflation crisis, but increasing interest rates is unlikely to make much difference – except to engineer yet another recession

Glenisk hopes to return to 90 per cent production levels in next 12 months

Chief executive Vincent Cleary says the family yogurt business destroyed by a fire last year is steadily regaining lost ground

Sisk threatened to pull out of all future social housing schemes over costs

The construction giant made the move before the government announced it would intervene to cover some construction cost inflation

The Big Interview

‘The European energy market is experiencing shocks like never before’ – Dave Kirwan, Bord Gáis

The managing director of the largest gas company in Ireland is looking to a future of indigenously sourced energy. But in the short term, the outlook is grim, with soaring energy costs being the biggest driver of inflation

Against the grain: How Russia’s war in Ukraine is threatening the world’s food supply

Already a humanitarian disaster on the ground, Russia’s invasion of Ukraine is now looking increasingly likely to trigger a global food shortage over the coming months, with supply chains broken and potential shipping routes for grain cut off. With no end to the conflict in sight, the implications for numerous countries are potentially devastating

Private firms making thousands a month in unclaimed toll change from motorists

Companies who operate toll plazas under an arrangement with Transport Infrastructure Ireland made an average of €17.8m in 2021

Construction inflation risks scuppering social housing projects, expert group warns

Irish Council for Social Housing tells Oireachtas committee that approved housing bodies are finding it harder to secure sufficient levels of professional indemnity when obtaining loans

Bridgewater bets €10 billion against European stocks

Leading hedge fund almost doubles its wager in less than two weeks – expecting stock to continue to fall in value

Labour shortages and wage hikes ‘will affect economy from next year’

Economist Kieran McQuinn of the ESRI has warned that the national unemployment rate will fall to 4% next year, fuelling sharp wage increases

Consumer giants say global food crisis likely by end of the year

Chief executives warn that with price rises and serious shortages, over a billion people are ‘highly vulnerable’ to food security issues as a result of the war in Ukraine

Inflation once again: As prices and tensions rise, can the government prevent a winter of woe?

Amid a cost of living crisis not seen in decades, economists are counselling caution as the opposition demands decisive measures to lessen the pain

Elaine Byrne: Belt up for a bumpy ride as spectre of stagflation haunts coalition

War, Covid and supply chain disruptions have resulted in fears of a return to the stagflation of the 1970s. What can be done?

The Big Interview

‘What’s the breaking point? How long can we absorb these increases?’ – Ciara Troy, food entrepreneur

The Dublin-based founder of Oishii Foods built her successful Japanese cuisine company from scratch, but is concerned now about the impact of inflation on her growing business

Shipping and freight costs set to stay high, warns Maersk boss

Vincent Clerc of the Danish shipping giant said he expects international rates to remain at least 25 per cent higher from now on

Climate & Environment

War and inflation will threaten climate targets — Coca Cola chief executive

Challenges facing the world economy will put further pressure on global climate action, according to James Quincey

Cost of living crisis

Social welfare increases may kick in ‘immediately’ after Budget, Varadkar says

Tánaiste says bigger social welfare package needed to address rising cost of living

Taoiseach rules out monthly measures to tackle cost of living

Worst of the crisis could yet lie ahead as the impact of energy inflation hits households over the winter, Micheál Martin warns

Housing plans at risk as cost of building materials continue to soar, Central Bank warns

The regulator says mismatch between the demand and supply of homes is pushing prices to new highs, while rents are increasing at fastest rate in six years

People facing ‘unprecedented increases in cost of living’, Tesco Group chief says

The supermarket giant has noted customers switching to own-label brands, while sales have dropped by 2.4 per cent in 13 weeks

Ireland’s economy exposed as global outlook tightens – Central Bank

CBI warns high levels of inflation eroding consumer spending power and business profit margins