Michael McGrath (Cork South Central, Fianna Fail)
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That is the position. We will make the position clear in the summer economic statement, but I would like to see another couple of months of data. While we are forecasting inflation to average 2.5% next year, it will not start the year at 2.5%. In the table in the SPU that set out the quarter-by-quarter pathway of our inflation forecast, 2.5% is the average.