Measuring up to Irish inflation: A tale of two indices
The well-known Consumer Price Index, or CPI, is based on a huge monthly shopping basket of 51,000 items of goods and services that the Central Statistics Office (CSO) undertakes every month. Pic: Alan Hamilton
We all know that prices have been surging for some time: Whether it’s the weekly shopping, dinner and drinks on the weekend, long-awaited holiday planning or renovation works in the home, the impact of inflation is being felt by everybody, at all times, every day.
But are the official figures telling the full inflation story?
