ISME 'shocked' at inflation report

The Independent Business Organisation, ISME, has expressed shock at the latest increase in inflation from 4.2% to 4.5% in August, insisting that the Government fulfil its responsibility to reduce inflation to at least the European average.

ISME chief executive, Mark Fielding said today's increase is worrying on a number of fronts. Inflation has increased by 50% since the beginning of the year and the negative gap between Irish and European inflation is growing, with the European average standing at 2.4%.