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INFLATION WAS LOW but prices remained high in Ireland between 2007 – 2011.
That is according to the latest Central Statistics Office figures on Ireland’s progress during those years. Its findings show that Ireland was the fifth most expensive EU state in 2011, after Denmark, Sweden, Finland and Luxembourg, with prices 17 per cent above the EU average.
However this represents a considerable improvement on 2008, when Irish prices were the second highest in the EU.
Here are some further findings from the report:
Economy
The GDP growth rate was 1.4 per cent in 2011, while the public balance deficit was 13.1 per cent of GDP, the largest of any EU member state. In 2010, it was 31.2 per cent.
Government debt increased substantially to 108.2 per cent of GDP in 2011, the third highest debt/GDP ratio in the EU.
Employment
Social cohesion
Education
Health
Population
Housing
Crime
Environment
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