Higher energy costs and rising food prices see inflation increase, piling pressure on household budgets
News Source : Independent.ie
News Summary
- Prices are estimated to have risen by 3.2pc in the 12 months to November.
- Its the highest since December 2023, according to the Central Statistics Office.
- This is despite the fact that prices fell by 0.2% when compared with October.
- The overall rate of inflation has been creeping back up in recent months, putting huge pressure on household budgets in the run-up to Christmas.
- 52pc of Irish consumers said they have less money to spend on Christmas than they had a year ago.
The annual rate of inflation has spiked above 3pc in Ireland for the first time in two years.Energy tariff hikes and higher food prices have sent the rate of inflation up again.Prices are estimated [+2928 chars]
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