“Just one year later, the equivalent figures were 16 per cent [for energy] versus 44 per cent [on mortgages] as energy price pressures began to ease but the tightened monetary policy stance began to feed through to consumer prices,” it said.
This would affect the Consumer Price Index , from which the State’s inflation rate is derived, it said. These issues are compounded by heavy rainfall in Ireland and Britain which will reduce yields for cereals and other crops.
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