The News

ECB’s Lane confident euro zone inflation will hit 2% in 2025

The European Central Bank’s chief economist said today he remained confident inflation will fall back to the ECB’s 2% target in 2025 after four years of unusually brisk price growth following the Covid pandemic and Russia’s invasion of Ukraine. In a Reuters NEXT Newsmaker interview, Philip Lane also played down the need for the ECB […]

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Dublin ranked 41st most expensive city for international workers

Dublin ranks as the 41st most expensive city in the world for international employees, the 2024 Cost of Living City Ranking survey from Mercer shows, ten places higher than last year. This means that Dublin is more expensive than cities like Edinburgh, Milan, Rome and Madrid, but it is still behind major European cities like […]

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Services inflation needs to come down this year – ECB’s Lane

The European Central Bank needs to see momentum in services inflation come down this year in order to confirm its disinflation narrative, the ECB’s chief economist said today, adding it will not have much new information by its July meeting. “It’s fair to say momentum at the start of the year in services was relatively […]

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Household savings rate increases to 14.7%

The savings rate among households increased to 14.7% between January and March. New data from the Central Statistics Offices shows that households saved €8.1bn during the three month period, before adjusting for seasonality or inflation. The CSO noted that the first quarter of the year tends to have higher savings, as consumption is lower after […]

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Consumer prices rose by 2.6% over the 12 months to May

Consumer prices for goods and services rose by 2.6% over the 12 months to May. The figures from the Central Statistics Office show that when energy and unprocessed food are excluded, the Consumer Price Index (CPI) went up by 3.5%. The largest increases in the year to May were recorded in the transport sector, followed […]

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