Oireachtas Joint and Select Committees

Wednesday, 24 November 2021

Committee on Budgetary Oversight

Inflation: Discussion (resumed)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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I assume - I ask him to correct me if I am wrong - that when Mr. Makhlouf talks about facts or evidence changing, the facts and evidence he is talking about relate to whether this is short-term or transitionary in nature and whether the evidence were to start to appear that the inflationary figures we see currently are more than the result of the three pillars he outlined in the context of a mismatch relating to supply and demand. The other point was that this is more medium-term to long-term. Is that the evidence and the facts that would need to change for Mr. Makhlouf to reconsider his position? In what timeframe does he believe we should start to see those inflation numbers start to decrease?