Seanad debates

Wednesday, 26 March 2003

Social Welfare (Miscellaneous Provisions) Bill 2003: Committee and Remaining Stages.

 

10:30 am

Photo of Mary CoughlanMary Coughlan (Donegal South West, Fianna Fail)

Yes, and I would be a recipient from my own Department when finished. Many items have increased in price and others have decreased. The information made available through the household budget survey and through the CPI has indicated that prices of essential clothing and footwear have declined over the past year by 7.8%. Likewise, the costs of furnishings, household equipment and routine household maintenance have fallen by 0.4%.

If we recall what was said in the other House, and no doubt reiterated in this House, the Minister for Finance indicated that the average inflation rate would be 4.8%, and he also indicated that at times during the year it would increase, but would level out at 4.8%. Certain considerations lie outside our control – such as war and its influence on markets. We cannot know what effects these will have, but I am happy that the social welfare rates provided will address the issue of inflation.

Amendment put and declared lost.

Amendment No. 5 not moved.

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