Bank of Ireland Warns Inflation Could Reach 4%

Bank of Ireland warns inflation could reach 4%

The recent sharp rise in energy prices is likely to push the rate of inflation this month to between 3.5% and 4% - up from 2.7% in February, according to Bank of Ireland.

Middle East crisis could push inflation up to 4%

Rising energy prices are likely to push the rate of inflation up to between 3.4% and 4% this month from 2.7% in February, Bank of Ireland has said. In a research note, the group's chief economist Conall Mac Coille said the recent surge in petrol and diesel prices will add 0.5% to the cost of living, and the 70% to 80% rise in home heating oil prices will add a further 0.6% to 0.7%. Mac Coille said that inflation would be raised by the "indirect …