Oireachtas Joint and Select Committees

Wednesday, 20 September 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Issues: Central Bank

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

Go raibh míle maith agat a Chathaoirligh agus gabhaim buíochas leis an nGobharnóir as a chur i láthair inniu.

The Government itself controls the prices of some products. For example, the Government increased excise on petrol and diesel on 1 June. It did the same on 1 September. It plans to do so potentially at the end of October. It plans to put up carbon taxes in the budget. We saw tolls increase in July and, potentially, will see them increase again at the start of next year. Has the Central Bank quantified exactly how much of the current inflation rate increases have been caused directly by Government decisions?

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