OECD warns inflation signs are too low

A new report from the Organisation for Economic Cooperation and Development (OECD) has suggested that Irish inflation figures underestimate the real cost of living by ignoring a large part of soaring house prices.

29th October, 2005

A new report from the Organisation for Economic Cooperation and Development (OECD) has suggested that Irish inflation figures underestimate the real cost of living by ignoring a large part of soaring house prices.

The report could have a “major bearing'‘ on forthcoming national pay talks, according to the Irish Congress of Trade Unions (ICTU).

The Paris think-tank last week published a comparison of price inflation across the eurozone. It estimated that Irish inflation...

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