Largest annual increase in the CPI in 21 years
The upward spiral of fuel, petrol and food prices seems to be continuing unabated. KBC Bank economist Austin Hughes predicts that inflation will be higher in March, and could even increase further in April despite the Government payment of €200 to households to cope with surging electricity bills. Hughes anticipates that the spill-over impact of runaway energy costs will have a bigger impact on food prices, transport and other goods…