DUBLIN, Jan 18 (Reuters) – Inflation in Ireland appears to have peaked and should fall "quite quickly" across the remainder of the year, Finance Minister Michael McGrath said on Wednesday.
Irish inflation fell on a month-on-month basis for the first time in almost a year in December after averaging 7.8% in 2022, data showed this week. McGrath's department forecast last September that inflation would average 7.1% in 2023.
"The good news is inflation does appear now to have peaked. We think it will slide down now quite quickly across the remainder of this year," McGrath told Sky News at the World Economic Forum in Davos.
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Germany will allow German-made tanks to be sent to Ukraine to help its defense against Russia if the United States agrees to send its own tanks, a German government source told Reuters.
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