Ireland’s central bank governor, Gabriel Makhlouf, has cautioned that the country’s current inflation rates are “not comfortable” and are projected to increase further. Makhlouf indicated the situation is deteriorating, signaling a worsening cost of living crisis for Irish households. He did not specify the expected extent of the increase, but his comments suggest existing inflationary pressures are proving persistent. The warning comes amid broader global economic uncertainty and rising energy prices, factors contributing to the domestic situation. This announcement potentially foreshadows further monetary policy adjustments by the Central Bank to combat rising prices. The governor’s statement underscores the challenges facing the Irish economy and the potential need for fiscal interventions.