Home-heating oil surge drives inflation higher in April Consumer prices rose by 3.7% in the year to April - the highest annual inflation rate since the beginning of 2024 - according to the latest figures from the Central Statistics Office. Business • 13 hrs
Home-heating oil surge drives inflation higher in April Consumer prices rose by 3.7% in the year to April - the highest annual inflation rate since the beginning of 2024 - according to the latest figures from the Central Statistics Office. Business • 13 hrs
AIB warns of 7% inflation peak if Hormuz blockade remains AIB's latest economic outlook is warning inflation could peak at the higher rate of 7% if the Strait of Hormuz blockade continues for the rest of the year. Business • 17 hrs
AIB warns of 7% inflation peak if Hormuz blockade remains AIB's latest economic outlook is warning inflation could peak at the higher rate of 7% if the Strait of Hormuz blockade continues for the rest of the year. Business • 17 hrs
Norway moves to raise rates amid 'too high' inflation Norway's central bank has today raised its policy interest rate by 25 basis points to 4.25%, moving sooner than analysts in a Reuters poll had expected, to quell inflation pressure driven by strong wage growth and high energy costs. Business • 07 May
Norway moves to raise rates amid 'too high' inflation Norway's central bank has today raised its policy interest rate by 25 basis points to 4.25%, moving sooner than analysts in a Reuters poll had expected, to quell inflation pressure driven by strong wage growth and high energy costs. Business • 07 May
Ireland 'buffered' against higher inflation - economist The European Central Bank is expected to keep interest rates steady today, following a similar decision by the US Federal Reserve. However, policymakers are likely to signal a possible rate hike as soon as June to address inflation in the euro zone. Business • 30 Apr
Ireland 'buffered' against higher inflation - economist The European Central Bank is expected to keep interest rates steady today, following a similar decision by the US Federal Reserve. However, policymakers are likely to signal a possible rate hike as soon as June to address inflation in the euro zone. Business • 30 Apr
Energy prices jump over 15% in year to April - CSO Energy prices rose by 15.5% in the 12 months to April, according to the Central Statistics Office. Business • 29 Apr
Energy prices jump over 15% in year to April - CSO Energy prices rose by 15.5% in the 12 months to April, according to the Central Statistics Office. Business • 29 Apr
Bank of Japan hikes inflation forecast, holds rates Japan's central bank has today sharply hiked its inflation forecasts for the current year and halved its growth projections after the Iran war sent oil prices soaring. Business • 28 Apr
Bank of Japan hikes inflation forecast, holds rates Japan's central bank has today sharply hiked its inflation forecasts for the current year and halved its growth projections after the Iran war sent oil prices soaring. Business • 28 Apr
Japan inflation heats up in March, energy prices fall Japan's core inflation accelerated to 1.8% in March, government data showed today, largely driven by rising food prices. Business • 24 Apr
Japan inflation heats up in March, energy prices fall Japan's core inflation accelerated to 1.8% in March, government data showed today, largely driven by rising food prices. Business • 24 Apr
OECD does not see a risk of stagflation due to Iran war The secretary general of the Organization for Economic Co-operation and Development has today played down the risk of stagflation due to the Iran crisis. Business • 23 Apr
OECD does not see a risk of stagflation due to Iran war The secretary general of the Organization for Economic Co-operation and Development has today played down the risk of stagflation due to the Iran crisis. Business • 23 Apr
Canada's annual inflation rises to 2.4% due to Iran war Canada's annual inflation rate rose to 2.4% in March, with prices jumping 0.9% on the month, as higher crude oil costs drove up gasoline prices, data showed today. Business • 20 Apr
Canada's annual inflation rises to 2.4% due to Iran war Canada's annual inflation rate rose to 2.4% in March, with prices jumping 0.9% on the month, as higher crude oil costs drove up gasoline prices, data showed today. Business • 20 Apr
Take 5 - Warsh, war and worsening conditions? Financial markets are in a buoyant mood as US President Donald Trump signals confidence that the war in Iran will end soon, with talks probably on the cards again this weekend. Business • 17 Apr
Take 5 - Warsh, war and worsening conditions? Financial markets are in a buoyant mood as US President Donald Trump signals confidence that the war in Iran will end soon, with talks probably on the cards again this weekend. Business • 17 Apr
Euro zone inflation in March revised up to 2.6% - data Euro zone inflation leapt to 2.6% in March on the back of surging energy prices caused by the war in the Middle East, revised figures from the EU's statistics agency showed today. Business • 16 Apr
Euro zone inflation in March revised up to 2.6% - data Euro zone inflation leapt to 2.6% in March on the back of surging energy prices caused by the war in the Middle East, revised figures from the EU's statistics agency showed today. Business • 16 Apr
Geopolitical volatility the top concern for small firms Geopolitical volatility is now the top concern for most small firms, according to Azets Ireland. Business • 10 Apr
Geopolitical volatility the top concern for small firms Geopolitical volatility is now the top concern for most small firms, according to Azets Ireland. Business • 10 Apr
Home heating oil jumps 67%, as March inflation hits 3.6% The average price of home heating oil rocketed by 67.5% between February and March of this year, according to new figures from the Central Statistics Office. Business • 09 Apr
Home heating oil jumps 67%, as March inflation hits 3.6% The average price of home heating oil rocketed by 67.5% between February and March of this year, according to new figures from the Central Statistics Office. Business • 09 Apr
Fed minutes show growing openness to rate hikes A growing group of Federal Reserve policymakers felt last month that interest rate hikes might be needed to counter inflation that continued to exceed the Fed's 2% target, according to the minutes of their March 17-18 meeting. Business • 09 Apr
Fed minutes show growing openness to rate hikes A growing group of Federal Reserve policymakers felt last month that interest rate hikes might be needed to counter inflation that continued to exceed the Fed's 2% target, according to the minutes of their March 17-18 meeting. Business • 09 Apr
Irish grocery sales rise by 5.2% in March New figures show that take-home grocery sales rose by 5.2% in the four weeks to March 22 compared with the same time last year. Business • 07 Apr
Irish grocery sales rise by 5.2% in March New figures show that take-home grocery sales rose by 5.2% in the four weeks to March 22 compared with the same time last year. Business • 07 Apr
Middle East war means 'all roads' lead to higher prices The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund has told Reuters, ahead of a forecast for the world economy planned by the global lender for next week. Business • 07 Apr
Middle East war means 'all roads' lead to higher prices The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund has told Reuters, ahead of a forecast for the world economy planned by the global lender for next week. Business • 07 Apr
High Five: How much prices have risen since 2021 Inflation is expected to pick up again this year, but the statistics mask the full effect that five years of consistent inflation has had on shoppers' bills, writes Adam Maguire. Business • 04 Apr
High Five: How much prices have risen since 2021 Inflation is expected to pick up again this year, but the statistics mask the full effect that five years of consistent inflation has had on shoppers' bills, writes Adam Maguire. Business • 04 Apr
Most central banks on hold over war uncertainty Major central banks pointed to uncertainty linked to the war in the Middle East as they largely kept interest rates steady in March, with concerns over higher inflation and weaker growth clouding the global economic outlook. Business • 02 Apr
Most central banks on hold over war uncertainty Major central banks pointed to uncertainty linked to the war in the Middle East as they largely kept interest rates steady in March, with concerns over higher inflation and weaker growth clouding the global economic outlook. Business • 02 Apr
Euro zone inflation surges past ECB target on oil shock Euro zone inflation soared past the European Central Bank's 2% target this month due to surging oil and gas prices, heightening a policy dilemma as expensive energy is a drag on growth but also risks generating a self-reinforcing inflation spiral. Business • 31 Mar
Euro zone inflation surges past ECB target on oil shock Euro zone inflation soared past the European Central Bank's 2% target this month due to surging oil and gas prices, heightening a policy dilemma as expensive energy is a drag on growth but also risks generating a self-reinforcing inflation spiral. Business • 31 Mar
Mideast war could spark financial system stress - ECB The Middle East war is a threat to financial stability, a senior European Central Bank official said today, warning that it could spark "systemic stress" in the markets. Business • 26 Mar
Mideast war could spark financial system stress - ECB The Middle East war is a threat to financial stability, a senior European Central Bank official said today, warning that it could spark "systemic stress" in the markets. Business • 26 Mar
Iran war erases global growth upgrade, OECD says The escalating conflict in the Middle East has knocked the global economy off a stronger growth path, the OECD warned today, as a near-halt in energy shipments through the Strait of Hormuz threatens to push inflation sharply higher. Business • 26 Mar
Iran war erases global growth upgrade, OECD says The escalating conflict in the Middle East has knocked the global economy off a stronger growth path, the OECD warned today, as a near-halt in energy shipments through the Strait of Hormuz threatens to push inflation sharply higher. Business • 26 Mar
ECB may need to act on 'not-too-persistent' inflation Even a "not-too-persistent" overshoot of the European Central Bank's inflation target from the current energy shock may warrant some moderate policy tightening, ECB President Christine Lagarde said today. Business • 25 Mar
ECB may need to act on 'not-too-persistent' inflation Even a "not-too-persistent" overshoot of the European Central Bank's inflation target from the current energy shock may warrant some moderate policy tightening, ECB President Christine Lagarde said today. Business • 25 Mar
Australia's inflation slows slightly ahead of war shock Australian consumer prices were flat in February as prices for domestic holidays and petrol dipped, while core inflation came in a little slower than forecast, though a war-driven spike in oil prices has since magnified inflationary risks. Business • 25 Mar
Australia's inflation slows slightly ahead of war shock Australian consumer prices were flat in February as prices for domestic holidays and petrol dipped, while core inflation came in a little slower than forecast, though a war-driven spike in oil prices has since magnified inflationary risks. Business • 25 Mar
ECB will act if inflation at risk of getting entrenched The European Central Bank will not hesitate to tighten policy if the coming energy-driven inflation surge looks like becoming entrenched, keeping price growth elevated for an extended period, ECB policymaker Peter Kazimir said today. Business • 23 Mar
ECB will act if inflation at risk of getting entrenched The European Central Bank will not hesitate to tighten policy if the coming energy-driven inflation surge looks like becoming entrenched, keeping price growth elevated for an extended period, ECB policymaker Peter Kazimir said today. Business • 23 Mar
Bank of Ireland warns inflation could reach 4% The recent sharp rise in energy prices is likely to push the rate of inflation this month to between 3.5% and 4% - up from 2.7% in February, according to Bank of Ireland. Ireland • 23 Mar
Bank of Ireland warns inflation could reach 4% The recent sharp rise in energy prices is likely to push the rate of inflation this month to between 3.5% and 4% - up from 2.7% in February, according to Bank of Ireland. Ireland • 23 Mar
