Oireachtas Joint and Select Committees
Wednesday, 23 March 2022
Committee on Budgetary Oversight
Pre-Stability Programme Update Scrutiny (Resumed): Central Bank of Ireland
Dr. Mark Cassidy:
It is available. It is on our website. We can arrange to have it sent to the Deputy. I gave the breakdown for energy. I have the corresponding breakdown relating to food. The average amount of a person's income spent on food is 21%. It is 16% for the highest 20% of incomes, but the people with the lowest 20% of incomes spend 26% of their income on food. There is some evidence of food price inflation. If it becomes more widespread, there would be a distributional effect. We will forward the Deputy the published analysis.
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