Oireachtas Joint and Select Committees

Wednesday, 16 February 2022

Committee on Budgetary Oversight

Indexation of Taxation and Social Protection System: Discussion (Resumed)

Mr. Matt McGann:

The HICP is an EU-wide indicator. We do not have the ability to change it. It is required for our economic and monetary union participation and Ireland would not have the ability to move that ourselves. The main difference that I can remember, off the top my head, was the exclusion of mortgage interest payments from HICP. I cannot remember much more detail on that but we could provide a note to the committee on the differences between the HICP and the CPI if that would be useful.

Comments

No comments

Log in or join to post a public comment.