Dr. Robert Kelly:

Yes. The Deputy has correctly identified this. There are three sources. One is dairy, and butter in particular. Beef is the big one and it is driving the 5% inflation we see at the moment.. When we look at it, the reality is that we are a large exporter of beef in Ireland. It is determined by the fact that there is just less beef in our big trading markets. The reality is that production is down about 5% in the last couple of years in these markets and the demand for beef is high. There are OECD reports that look at how it expects this trend to continue. It does not foresee continual price increases. The reality is that production is down in the markets. It is much the same as it was here but production is down in our big export markets. If that were to continue, for example, we would continue to see price pressures on beef, if the demand remains in those markets.