Economist warns of major strikes due to high inflation

INFLATION and its impact on consumers and the economy continues to be a major talking point.

Even at present levels it is causing major problems and could lead to major strikes in 2003, a top economist has warned. Officially the inflation figure is 4.8%, but consumers know it is far higher.

Chief economist with Bloxham Stockbrokers, Alan McQuaid does not believe the present figure. "It is certainly higher than the official figure, but by how much no one knows," he said.