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ESRI warns of inflation from higher energy costs
Published 3 weeks, 5 days ago
Description
The ESRI is today warning that higher energy prices as a result of war in the Middle East will push up inflation to an expected 3.2% this year. That outpaces last year’s rate of inflation of 2.2%. They have also pointed out that yesterday’s fuel excise duty reduction fails to target the less well off.
Alan Barrett, Research Professor with the ESRI joins X to discuss their latest quarterly economic commentary.