ISME: Inflation scourge continues

The Irish Small and Medium Enterprise Association (ISME) says that the increase in the inflation rate to 2.7% from 2.5% last month confirms that the “scourge” of rising costs has not gone away and continues to pose a significant threat to the economy.

ISME chief executive Mark Fielding said: "While the headline rates on economic growth, employment and exchequer finances are positive, they mask a dangerous underlying threat, namely the cost environment, which if it continues to increase can significantly eradicate recent gains."