Inflation may be higher than official measure - Makhlouf


“The Governor of the Central Bank has said price inflation experienced by households may be higher than what is officially measured.”

Link to article on RTE News here:


No sh*t sherlock, Dunnes Stores can relieve you of €10 for a kg of rice if you don’t watch what you put your hand on, it’s a fifth of that price in Lidl.


What I found interesting was the lines:

“He said the Central Bank last looked at the methods used in measuring inflation back in 2003 and that it intended to re-examine them in the light of Covid. The Governor also encouraged people to become involved in the European Central Bank’s review of monetary policy and price stability.”

I wonder will the ECB be looking at a new methodology to ensure they reach their inflation target?