State asks firms if they plan ‘price inflation’ in response to minimum wage increase

The Department of Enterprise has contacted businesses with a survey asking about planned price jumps due also to pension auto-enrolment measures

Simon Coveney, Minister for Enterprise, Trade and Employment, met with industry groups to discuss the impact of rising costs. Picture: Fergal Phillips

The government is asking retailers if they plan to hike their prices in response to its move to increase the minimum wage, the Business Post has learned.

Businesses have been contacted with a survey from the Department of Enterprise asking if they are planning “price inflation” as a result of increased costs associated with the living wage jump, as well as new pension auto-enrolment measures.

It comes after stark warnings from industry groups that the ...