Cost of goods to remain high despite inflation slowdown — McGrath 

Finance Minister says the rate of price increases is easing but 'we're not seeing actual reductions'

The cost of goods and services will remain high throughout 2023, despite a slowdown in inflation, the Finance Minister has warned.

The cost of goods and services will remain high throughout 2023, despite a slowdown in inflation, the Finance Minister has warned.

Michael McGrath has welcomed the latest CSO statistics which show that inflation fell to 8.2% in December, a rate not seen since May of last year. However, he said this was a "long way off" the 2% rate the European Central Bank has set as a target.