Firms may pass costs onto customers this year despite cooling inflation, a survey suggests

Overall, Irish private sector firms remained among the most confident globally towards output growth over the next 12 month.

The survey by credit rating agency S&P Global found that Irish private sector firms expect wage pressures to remain elevated over the next 12 months, leading to higher output prices.

Customers may face further price pressures this year as some businesses said they intend to pass on costs due to rising wages, according to a survey.

The survey by credit rating agency S&P Global found that Irish private sector firms expect wage pressures to remain elevated over the next 12 months, leading to higher output prices.