Dublin: The government has called a meeting to discuss the problem after the sharp rise in the prices of daily consumer goods in Ireland. Associate Minister for Retail Business Neale Richmond is convening a meeting of the Retail Forum to address concerns about rising food prices. The meeting will be attended by representatives from major supermarket chains.
Minister Richmond stated that while inflation has decreased in Ireland, prices have not. Inflation was around 10% at this time last year. It has now reached 5%. However, the cost is not decreasing. This is cause for concern. Honest steps are needed in this regard. The minister said that the meeting is being called to discuss this matter.
The government can impose price controls on certain products under the Consumer Protection Act of 2007. But I’m not going to do that. “It is not being done because it will have very serious consequences,” the minister explained.
Holly Keynes, the Social Democrat leader, has called for greater transparency in retail pricing. He also stated that none of the government’s announced subsidies have reached consumers.
At the same time, Arnold Dillon, director of Retail Ireland, dismissed criticism that prices in Ireland are higher than in the rest of the EU. Over the last two years, food prices have risen by an average of 27% across the EU. In Ireland, however, it was 17%.
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