Peadar Tóibín (Meath West, Aontú) | Oireachtas source

My first question concerns the inflation rate. There are different types of inflation. The main types are demand-pull inflation and cost-push inflation. Typically, increases in interest rates are best suited to demand-pull inflation. In other words, they are used to cool down demand and thereby get control of the inflation rate. What we have in this State is in many ways cost-push inflation. Interest rates are less useful in controlling cost-push inflation. Is that not correct?