Economy
Growth in Irish economy forecast by Central Bank but core inflation won’t peak until end of year
The government has been warned, however, to not go above its 5 per cent spending rule which would would “add significantly” to inflation
Core inflation in the Irish economy is expected to grow and run at 4.9 per cent this year, the Central Bank has said in its quarterly bulletin.
The latest forecast says that while headline inflation has declined, costs associated with goods and services won’t peak until later this year before declining in 2024, the regulator said.
Growth in the domestic economy, however, is forecast to be slightly higher than previously anticipated with the economy now ...
