Inflation compared with neighbouring countries
FitzGerald asked why Irish inflation was two to three times that of neighbouring countries facing similar oil-import costs. Fitzgerald cited other contributing factors but said oil-price increases had a major impact; the follow-up went unanswered before the Chair moved on.
How does the Minister account for the fact that our inflation rate is two to three times that of neighbouring countries who have the same oil importation problems as us because they do not have their own reserves of oil?
Comment on this
There are other contributing factors but the oil increase had a major impact on our inflation rate.
Comment on this
Why is ours two and three times that of other countries? Will the Minister please answer the question? Is there any question the Minister can answer?