EU sees rents helping to drive services inflation

Irish rents and restaurant service prices are likely to continue to drive the prices of services higher, the EU said in new forecasts that suggest that the economy will continue to grow as long as external risks such as a crash-out Brexit are avoided.

The commission projects that a measure of economic growth — modified domestic demand that excludes the distortions of the multinationals on the national accounts — will grow by an average 3% through 2021.