Taoiseach defends linking rent to inflation

Inflationary spike is 'temporary', Micheál Martin said

Taoiseach Micheál Martin meeting with the Governor Kathy Hochul in New York.

The Taoiseach has defended the Government's linking of rents to inflation, amid a rapidly rising cost of living.

Speaking in New York where he is attending UN High-Level Week, Micheál Martin said the inflationary spike that Ireland is seeing is temporary, pointing out the current 3% inflation rate is lower than the rise in rents would have been under the previous rent pressure zone regime.