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15 cards from this deck
Sustained increase in general price level
Sustained decrease in general price level
Inflation still positive but slowing down
Excludes volatile items like energy & unprocessed food
Consumer Price Index - tracks Ireland's inflation
Includes mortgage interest payments
Harmonised Index of Consumer Prices for EU comparisons
HICP historically excludes owner-occupied housing costs
Aggregate demand grows faster than aggregate supply
Rising input costs shift aggregate supply leftward
Higher prices combined with lower output
Higher global prices or euro depreciation
Price stability (low & stable inflation)
Purchasing assets to lower long-term yields
Effects unfold over 12-24 months
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