It won’t take long before the ‘rip-off Ireland’ mantra begins again

The cost-of-living squeeze is likely to raise the political temperature

All 15 sectors that comprise Irish consumer prices registered price growth in the past 12 months.

All 15 sectors that comprise Irish consumer prices registered price growth in the past 12 months.

If it feels like you’re paying more for basic stuff, it’s because you are. Inflation is surging at the fastest pace in more than 20 years. The headline 5.5 per cent figure doesn’t quite capture the squeeze on households. Electricity and gas prices are up by 22 and 28 per cent respectively; petrol and diesel by 32 and 36 per cent, air fares by a whopping 66 per cent.

According to Bank of America, the average European household faces electricity and gas bills of €1,850 in 2022, up from €1,200 in 2020.

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