Inflation rate rises to 4.8%
Ireland’s inflation rate rose by 0.1% in March to 4.8%, according to figures released today by the Central Statistics Office.
The rise was less than expected, with economists predicting an increase of up to 0.5% because of last month’s 1% increase in VAT.
The Department of Finance has welcomed today’s figure and said the Government is on course to meet its end-of-year inflation target of 4.2%.
