Record consumer and food inflation might begin to turn downwards from spring


Source: irishtimes.com irishtimes.com

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The world has seen more than its share of turbulence in recent years with the Covid-19 pandemic, deteriorating political relationships worldwide, severe climate change phenomena in many regions of the world, and, in the second month of last year, the unexpected and barbaric invasion of Ukraine. All have induced uncertainty in the world order, causing disruption in supply chain and energy markets, increasing protectionism, and prompting a sharp rise in inflation worldwide. In consequence the world is largely heading towards recession with Ireland among the best placed to avoid that fate. While consumer prices were already on an upward trajectory...