Oireachtas Joint and Select Committees

Wednesday, 13 March 2019

Joint Oireachtas Committee on Health

National Paediatric Hospital Development Board: Chairperson Designate

9:00 am

Mr. Fred Barry:

I do not know. I am sure economists are always very keen to make inflation rate forecasts, but they are no more accurate than the rest of us. I do not know, but I do know that for the construction inflation rate to remain at a very high level in the period in question, it would require continuing very strong pressures in the marketplace. If there are such pressures, it is because the country is doing exceptionally well, but I really cannot tell the Senator what the rate will be.