Aindrias Moynihan (Cork North West, Fianna Fail) | Oireachtas source

With regard to indexing, does one look back towards inflation or forward towards wages or expected wages? Where there are unexpected circumstances or shocks to the system, Dr. Keane referred to making an adjustment the following year. A year is a long time away for those stuck on a fixed income when inflation is at a rate of 5% or 6%.