Oliver Mangan: Many factors will shape inflation

Central banks are becoming worried that inflation is proving stronger and more persistent than had been expected

Electricity prices are up 29%. Picture: Sam Boal/RollingNews.ie

There were plenty of good news stories on the Irish economic front in 2021, despite starting and finishing the year under a Covid-19 cloud and with restrictions on activity.

The economy rebounded much more strongly than anyone had anticipated, with both the labour force and employment showing robust growth and the jobless rate falling rapidly.