WPI Inflation Rose to 9.87% in June on Global Commodity Prices, Says Govt
Bank of Ireland said the region grew 3.6% in early 2026, but expects slower expansion as energy prices and geopolitical tensions weigh on demand.
- Northern Ireland's economic growth is expected to slow later this year despite the region significantly outperforming the wider UK economy during the opening months of 2026.
- Persistent energy costs and Middle East geopolitical tensions are primary risks identified by Bank of Ireland Group Chief Economist Conall Mac Coille, dampening economic activity.
- Northern Ireland's economy expanded 3.6% year-on-year and 0.7% quarter-on-quarter during the first quarter of 2026, based on the Composite Economic Indicator, though demand softened in the second quarter.
- Across the UK, GDP growth is forecast to reach 0.9% this year before rising to 1.1% in 2027, while the Bank of England maintains current interest rates for the remainder of 2026.
- During 2027, conditions should gradually improve as inflation eases and confidence recovers, helping Northern Ireland navigate current challenges from its position of strength supported by a resilient labour market.
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'However, businesses are operating in an increasingly uncertain environment, with higher energy costs and global geopolitical tensions creating real challenges'
Bank of Ireland says the region remains resilient despite rising energy costs and geopolitical uncertainty, with momentum expected to ease during the second half of 2026
Govt says rise in wholesale inflation mainly driven by global commodity, energy prices - The Tribune
The rise in wholesale price inflation in June to 9.87 per cent was majorly driven by price pressures in goods that are more sensitive to global commodity and energy costs, the Parliament was informed on Monday.
Govt cites global commodity, energy costs for rise in wholesale price inflation
Wholesale price inflation rose to 9.87 percent in June. This increase was largely driven by global commodity and energy costs. The government is actively undertaking measures to control inflation and its impact. Retail inflation has remained below the four percent target for two quarters. India's retail inflation rose to 4.38 percent in June 2026.
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