Government says new measures will ease inflation

VAT on gas and electricity reduced to 9% from May 1 until the end of October and a further reduction in the excise tax on marked gas oil by 2.7%

Minister for Finance Paschal Donohoe: 'Clear that the conflict in Ukraine is already having a negative impact on the Irish economy.'

Finance Minister Paschal Donohoe has insisted that no new additional measures to fight inflation will be necessary before October's Budget. 

Mr Donohoe was speaking after confirming measures to combat inflation that included a reduction to 9% in the VAT rate for gas and electricity from May until the end of October and a further reduction in the excise tax on gas and oil by 2.7%, to further offset cost increases on farmers and others in the agricultural sector.