Oireachtas Joint and Select Committees
Wednesday, 30 March 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with the Central Bank of Ireland
Mr. Gabriel Makhlouf:
Around half of current inflation comes from energy, and we know people on lower incomes, older people and rural households tend to spend a greater proportion of their income on fuel energy. That is the simple fact that means if those costs increase in the way they are increasing, it is those household groups that will be impacted the most by the inflation we see.
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