Household energy bills remain high but once they start to fall, they will fall fast
It will fall, for sure, but will it drop enough for the European Central Bank to be happy that inflation overall is at or close to its 2 per cent target? The deflationary impact of falling energy and food prices should bring inflation down across the board, but with Ireland at full employment and the domestic economy growing strongly – as confirmed by the latest figures – there remains a risk of price pressures persisting in some areas.
The Government could remain under pressure to support households again heading into next winter, but that should be the end of temporary supports
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