A Donegal TD has criticised the government for its inflation forecasts, pointing out that current rates are much higher than expected.
The latest data from the Central Statistics Office (CSO) published today revealed inflation at 2.7 per cent for 2025, significantly above the government’s predicted target of 2 per cent.
Sinn Féin spokesperson on Finance, Pearse Doherty stressed that inflation is running far above where government said it would be on budget day.
Speaking today Deputy Doherty highlighted that the government pulled cost-of-living supports on the claim that inflation would be below the target of 2 per cent.
“This data just confirms what everyone already knows. The government has failed to end the rip off and get prices under control. And workers and families are being left worse off.
“The government said inflation would be below target for 2025 when they decided to scrap cost-of-living supports and give all the tax cuts to those at the top instead of workers,” he said.
“Today’s data release shows that projection was wrong, and exposes the fact that the government has no plan to protect workers and families. Pretending the cost-of-living crisis is over is not a plan the public will accept.
“Food inflation is still running at 4 per cent. That is completely unsustainable for people on modest incomes. Families are getting hit hard by the unrelenting increase in food prices,” Deputy Doherty added.
“Inflation in Ireland is substantially higher than the average across Europe. Despite that, the government is refusing to take seriously the most obvious cause which is price gouging and profiteering.
“The government can’t continue to ignore the cost-of-living crisis in 2026. The public needs to see a government that is able and willing to stand up for them.”
