Economics

Inflation to keep easing in 2023 even as household incomes recover

New Central Bank bulletin says the government should ‘unwind’ cost of living supports in order to reduce inflationary pressures on the economy

The Central Bank has said Ireland’s economy is showing ‘continuing resilience’ despite issues like the war in Ukraine. Picture: RollingNews.ie

Headline inflation will continue to ease in 2023, ahead of previous forecasts, as the Irish economy recovers from a turbulent 2022, according to a new report from the Central Bank of Ireland (CBI).

In its latest quarterly bulletin, the regulator also urged the government to unwind supports it has put in place to help low-income households with the rising cost of living, arguing that these measures should be tapered off to reduce inflationary pressures on ...