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The wage-price spiral now seems more likely than possible

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On Thursday, the CSO released truly horrible inflation figures, showing that prices, as measured by the Consumer Price Index (CPI), rose 6.7 percent in the year to March. This was the highest CPI since November 2000.

Even more worryingly, there are clear signs the inflation rate is accelerating, with prices rising 1.9 percent in the last month alone.

https://www.independent.ie/business/wage-price-spiral-now-seems-more-probable-than-possible-41535864.html The wage-price spiral now seems more likely than possible

Fry Electronics Team

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