SFA: Cowen must set inflation target of 2% in Budget

The Small Firms Association (SFA) is meeting with Minister for Finance Brian Cowen today.

It is expected to urge the minister to set an inflation target of 2% in the next Budget, or at the very least to change how the rate of inflation is measured here.

The organisation claims that our inflation should be calculated by the EU Harmonised Index of Consumer Prices rather than the Consumer Price Index.

SFA chairman Pat Crotty said this would bring our inflation down from 4.6% to 2.9%.