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IDA says Ireland losing out due to high cost of energy

IDA Ireland said Ireland was losing ground to other EU countries and the US because of the high cost of energy.

Euro zone inflation held steady at a record high 7.4% in April, on the back of soaring fuel and food costs

Euro zone inflation at record high of 7.4% in April

Euro zone inflation held steady at a record high 7.4% in April, driven by soaring fuel and food costs, the EU's statistics agency said today, lowering its estimate from a preliminary 7.5%.

Business • 18 May 22

Irish manufacturers have grown their operations in recent years, despite the challenges posed by the pandemic and Brexit

Rationing not in prospect for firms amid price squeeze

Energy costs and supply chain difficulties are among the biggest issues facing the manufacturing sector at the moment, but energy rationing is not in prospect right now.

Business • 05 Apr 22

Inflation is becoming a real issue for consumers both at home and further afield

Rising inflation

Energy costs are almost 30% more expensive than this time last year, but fuel is not the only commodity rising in price.

Business • 31 Jan 22

Consumer price growth in the euro zone accelerated to 4.9% in November, new figures show

Euro zone inflation at new high as Irish prices up 5.4%

Inflation in Ireland rose to 5.4% in November, according to the latest "flash" estimate from the EU's statistical agency Eurostat, while euro zone inflation raced higher to stand at 4.9%.

Business • 30 Nov 21

Only 21% of non-domestic buildings constructed between 2015 and 2021 received an A rating

Transition to low carbon future critical to SMEs - BPFI

The latest SME Market Monitor published by Banking & Payments Federation Ireland has identified energy costs and the transition to a low carbon future as critical to the future of Irish SMEs.

Business • 24 Oct 21

The IMF said that policymakers should use targeted aid to help low income families most impacted from the recent surge in energy prices

Subsidies not right tool to deal with high energy costs

Governments should avoid using general subsidies as a way to soften the blow from recent high energy prices, the IMF said today.

Business • 13 Oct 21

Bord Gáis Energy said that global energy costs have hit all-time highs in recent weeks

Bord Gáis Energy to increase household energy prices

Bord Gáis Energy has become the latest gas and electricity supplier to announce an increase in its residential prices, citing "all-time high" energy costs.

Business • 24 Sep 21

Euro zone inflation has undershot the ECB's nearly 2% target for most of the past decade

Euro zone inflation rate surges in January

Euro zone inflation surged well past expectations last month, driven by rising energy costs and a German tax increase, posing a potential communications challenge for the European Central Bank.

Business • 03 Feb 21

US consumer price index fell 0.4% last month, in line with analyst expectations

US consumer prices biggest monthly fall in 6 years

Falling oil prices pushed US consumer prices into their sharpest monthly drop in six years in December, according to government data released today.

Business • 16 Jan 15

Italy's 'competitiveness decree' finally approved last night

Italy's parliament approves economic package

Italy's parliament gave final approval late last night to a package of support measures for the ailing economy.

Business • 08 Aug 14

Expectations rise that the ECB will take radical action to stop the threat of deflation

Inflation fall raises expectations ECB will act

Euro zone inflation hit its lowest level since November 2009 in March, a shock drop that raises expectations the ECB will take radical action to stop the threat of deflation.

Business • 31 Mar 14