ESRI: Ireland's 2024 minimum wage hike had no measurable inflation impact

The ESRI finds that Ireland's January 2024 minimum wage increase from €11.30 to €12.70 per hour did not measurably affect overall inflation, with only modest price rises in directly affected sectors like hairdressing and takeaways. The finding challenges assumptions that wage floors drive broad price pressures, though the analysis is specific to a single, moderate increase.