Robert Shortt

Economics Correspondent

Inflation eased to 7.8% last month from 8.2% in December, new CSO figures show

Annual rate of inflation slows to 7.8% in January - CSO

The annual rate of inflation measured by the Consumer Price Index fell back to 7.8% in January from 8.2% in December, the latest figures from the Central Statistics Office show today.

Business • 16 Feb 23

NESC says there needs to be a step-change in efforts to grow the alternative 'non-market rental' sector

Government urged to consider tax treatment of landlords

The National Economic and Social Council (NESC) has recommended the Government consider further action to improve the tax treatment of landlords.

Business • 15 Feb 23

The figures are contained in the latest Quarterly Market Report from the Single Electricity Market Operator

Wholesale electricity prices dropped 41% at end of 2022

Wholesale electricity prices fell by 41% in the final three months of last year, compared to the previous quarter and were 17% cheaper compared to the last three months of 2021.

Business • 14 Feb 23

The European Commission now predicts the economy here will grow in GDP terms by 4.9%, compared to its Autumn forecast of 3.2%

European Commission raises Irish, euro growth forecasts

The European Commission has revised upwards its forecasts for economic growth this year in Ireland.

Business • 13 Feb 23

The report states Ireland 'has one of the highest per capita debt burdens in the world'

Differing views but ability to pay National Debt is key

If our recent past has taught us anything, it's not the national debt itself that should mesmerise our attention, but our ability to pay for it both now and into the future.

Analysis and Comment • 11 Feb 23

The payment will be made in monthly installments of €12.73 from March to September

Electricity customers to get payment of €89.10 - CRU

The Commission for the Regulation of Utilities (CRU) has formally announced today that electricity customers will receive a payment of €89.10 as the charge to fund renewables is not needed due to the high wholesale price of electricity.

Business • 10 Feb 23

When asked if the Bank would consider capping variable interest rate increases, the Deputy Governor said it would have 'significant reservations' about any intervention that might control pricing in the market.

Borrowers struggling financially urged to contact banks

Deputy Governor of the Central Bank, Monetary and Financial Stability, Vasileios Madouros has said borrowers who find themselves in financial difficulty or who expect they may experience financial difficulty should contact their financial institution.

Business • 08 Feb 23

Ireland remained the third cheapest market for new mortgages after France and Malta in December

Interest rate on new mortgages hits 2.69% in December

The average interest rate on new mortgages rose by 0.12% in December to 2.69%, according to new figures from the Central Bank.

Business • 08 Feb 23

Inflation is still alive and kicking

"Underlying inflation is there, alive and kicking." The President of the European Central Bank, Christine Lagarde, wants to leave everyone in no doubt the ECB is intent on bringing inflation down.

Business • 05 Feb 23

Debt as a percentage of the size of the economy is reducing, today's report from the Finance Department shows

Irish debt burden among highest per capita in the world

The national debt stood at €226 billion at the end of last year, according to the Department of Finance's Annual Report on Public Debt in Ireland.

Business • 03 Feb 23