Inflation in Ireland appears to have peaked and should fall "quite quickly" across the remainder of the year, Finance Minister Michael McGrath said today.
Inflation here fell on a month-on-month basis for the first time in almost a year in December after averaging 7.8% in 2022, CSO data showed this week.
The Department of Finance forecast last September that inflation would average 7.1% in 2023.
"The good news is inflation does appear now to have peaked. We think it will slide down now quite quickly across the remainder of this year," Mr McGrath told Sky News at the World Economic Forum in Davos today.
