Oireachtas Joint and Select Committees

Wednesday, 9 March 2022

Committee on Budgetary Oversight

Pre-Stability Programme Update Scrutiny: Economic and Social Research Institute

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Could there be a contradictory inflation situation, with a reduction in the economy due to world prices dictating energy costs and the Ukrainian crisis dictating food prices, which are two of the key components of any person's daily life? Typically, inflation would be associated with an overheating economy, but could there be that contradictory situation because of the Ukrainian crisis?

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