According to the Central Statistics Office, “the latest publication for the Consumer Price Index (CPI) shows that prices for consumer goods and services in October 2022 increased by 9.2% on average compared with October 2021. This is the highest rate of inflation since June 1984 when inflation was 9.7% and follows an increase of 8.2% in the year to September 2022. Prices have been rising on an annual basis since April 2021, with annual inflation of 5.0% or more recorded in each month since October 2021".
During the webinar, the viewers learnt the following about inflation:
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