Economic and Investment Outlook

Flash harmonised inflation at 4.6% Energy and pandemic concerns easing but core inflation also elevated Energy prices driving headline inflation but core also elevated; excluding energy and food, prices up 5.0% y-o-y 10 8 Goods inflation easing strongly on back of energy prices - services inflation could be stickier 10 8 60 سل I I I I I I 2015 2016 2017 2018 2019 2020 2021 2022 2023 6 % do N do 4 2 -2 -4 0 24 0 -2 I I I 2005 2010 2015 2020 HICP - Core HICP Source: CSO, Eurostat Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Note: RHS chart plots CPI inflation. Goods Services - All items Source: CSO 17

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