Annual inflation rates
The Minister gave fourth-quarter annualised inflation rates of 25.3% in 1981, 6.6% in 1982, 7.4% in 1983 and 2.8% in 1984. O’Kennedy argued the largest drop preceded the Government taking office; the Chair ruled that requests for analysis or comment were out of order.
asked the Taoiseach the annualised rate of inflation for the last quarter of each of the years 1981, 1982, 1983 and 1984.
Comment on this
The annualised rates of inflation for the last quarter of the years 1981, 1982, 1983 and 1984 were 25.3 per cent, 6.6 per cent, 7.4 per cent and 2.8 per cent respectively.
Comment on this
The figures given by the Minister of State clearly show that the biggest single drop in the annualised rate of inflation——
Comment on this
Will the Minister confirm that the biggest single drop in the annualised rate of inflation was in the 12 months from 1981 to 1982?
Comment on this
The question has been answered, Deputy, and you cannot make a speech about it, nor can you ask for an analysis of it.
Comment on this
I am not asking for an analysis. I am guided by the Chair, as ever, as to what is relevant; but the Minister of State seems to have her own interpretation. Would the Minister confirm that the biggest drop in the annualised rate of inflation down to 6.6 per cent took place in the 12 months prior to this Government coming into office and that in the 12 months immediately after this Government coming into office the annualised rate of inflation increased?
Comment on this
The Deputy can put whatever interpretation he likes on it. I will give the figures again as facts.
Comment on this
For the year 1981 it was 25.3 per cent, in 1982 it was 6.6 per cent, in 1983 it was 7.4 per cent and in 1984 it was 2.8 per cent.