Joe Humphreys in the Irish Times reports on the latest annual statement on prices and costs from the National Competitiveness Council. Consumer price inflation in Ireland has risen at twice the rate of the Euro zone average since 1999 and the average price of Irish goods and services by 22 per cent above the EU average in the same period.
Statement and full report can be found here
Selected quotes from the Irish Times article
“Ireland is now ‘almost on a par with Finland’ as the most expensive country in the eurozone, according to a new report on competitiveness and price inflation”
“Consumer price inflation in Ireland exceeded that in both the euro zone and the EU-15 for the past seven years, rising by 17.5 per cent between December 1999 and December 2003. This compared to an EU-15 average of 8.4 per cent over the same period.