Investor Presentaiton

Inflationary pressure broad across index Re-opening and energy impacts evident in inflation index Biggest pick-up in inflation concentrated in energy and Covid- hit sectors HICP inflation by COICOP divisions Inflation is broad: >50% of products in CPI basket are seeing >5% annual inflation All Items Food & Non-Alcohol Alcohol & Tobacco y-o-y % -10 -5 0 5 10 15 20 Clothes & Footwear Housing & Utilities Furnishings, & HH Equip Health Transport Communication Recreation & Culture Education Restaurants & Hotels C 25 25 20 Misc Goods & Services ▲ 1 year ago 3 year average May 2023 Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency 100 30 90 30 80 70 60 do % 50 40 30 20 10 0 Source: CSO 2015 2016 2017 2018 2019 2020 2021 2022 2023 <0% 0-2% 2-3% 3-5% >=5% Note: RHS shows distribution of annual inflation rates across all CPI items (unweighted). Source: CSO 18

View entire presentation