Cian O'Callaghan (Dublin Bay North, Social Democrats)

The quarterly report contains interesting data on the increase in food prices, pointing to meat prices driving some of that quite significantly and then, within the meat sector, it is beef and veal, in particular, that are driving that. The Central Bank notes that the increase in beef and veal prices does not appear to reflect the results that have passed through our input prices and it also seems to reflect what is happening in markets outside of Ireland. I think the report asks what explains the increase in consumer beef prices in Ireland that has also been observed in the UK and some other EU countries. Do the witnesses have any thoughts or analysis on that question that was posed in the quarterly report?