Oireachtas Joint and Select Committees
Tuesday, 19 September 2023
Committee on Budgetary Oversight
Pre-Budget Engagement: Central Bank of Ireland and ESRI
Dr. Kieran McQuinn:
Dr. Keane will talk about the impact of fuel. Certainly, I remember, in terms of the work Dr. Keane and her colleagues would have done on the tax, welfare and pensions, TWP, team in terms of looking at the initial surge in inflation, it was quite striking in terms of the families and the parts of the income distribution which were particularly affected that clearly it was those at the lower end of income distribution who were more reliant on fuel. People in rural areas in particular were especially affected because fuel is a higher component of their day-to-day budget than more urban-centred households, and then, particularly now, where it is more food that is one of the driving factors for inflation.
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