James Dorgan2023-11-28T11:31:27+00:00
INFLATION The October inflation figures show improvement in rates of inflation everywhere. In Ireland the October year to year rate was down from 6.4% in September to 5.1%. In terms of the EU measure, our inflation was down to 3.6%. Declines in energy prices and moderation in the impact of rising mortgage rates were the main factors here. In the EU, the US and the UK the story was similar with the implication that further rises in interest rates are off the table for the time being.