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Inflation may be higher than official measure - Makhlouf

Gabriel Makhlouf business Coronavirus Central Bank
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rte.ie:

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

Gabriel Makhlouf also said that Covid-19 has highlighted the impact of globalised supply chains, digitalisation and the "interplay between fiscal and monetary policy".

The Central Bank Governor made his comments during an online speech hosted by the Institute for International and European Affairs.

Governor Makhlouf said the composition of the goods baskets, which make up inflation statistics, are not updated during a calendar year.

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United States
United States
Cases: 46 252 513
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