Retail Ireland Monitor June 2022
Inflation is the economic story of the year. While war in Ukraine crystallised on the impact on energy costs, the wider inflationary ramifications are now clear. Annual inflation has now hit 7% with little prospect of this moderating in the short-term. In response, customer sentiment has dipped further still and this is before expected ECB rate hikes. While the Irish consumer is better place than many to weather this storm, many are rethinking their spending and investment plans.