Brian Cowen (Laois-Offaly, Fianna Fail)

It is intended to discuss these matters with the chief executive of the National Consumer Agency. The question of profiteering in respect of imports as a result of the difference in the currency exchange rate is a matter for the National Consumer Agency, the Competition Authority and the Department.

I am glad the rate of inflation decreased in the past month. However, it still stands at 4.3%. The basket of food items is an important factor in the computation of the consumer price index. I acknowledge that there has been an increase in food prices as a result of a number of international factors which are indicative of a change in the food security situation worldwide. Deputy Sherlock stated last week that the latter is an issue for consideration for debate in the House.

I take the point that the National Consumer Agency highlighted these matters in the first instance. It is the responsibility of the agency to protect consumer interests. The Tánaiste will pursue with the agency's chief executive the further policy issues that can be articulated or implemented to assist in resolving this matter.

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