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ANNUAL INFLATION HAS eased again slightly in September, slowing down for the second month in a row.
The CSO’s latest Consumer Price Index shows that prices for goods and services rose by 8.2% in the year to September. This is the 12th straight month where the annual increase for the Index has been at least 5%.
Prices rose by 8.7% in the year to August.
These figures compare to the 38-year highs of 9.1% that were seen in the months of June and July.
Significant year-on-year increases were seen in energy costs, with electricity up 36.2%, gas up 53.1%, and home heating oil up 83.8%.
There has also been an annual increase of 32.5% in the cost of diesel and 15.1% in the cost of petrol.
Car prices have also gone up by 11.2% and airfares have seen a 18.8% rise when compared to September 2021.
Multiple energy suppliers have announced price increases recently, and Taoiseach Micheál Martin said last week that energy prices are “off the Richter scale” compared to last year.
Yesterday, Public Expenditure Minister Michael McGrath said nobody should lose their energy supply this winter due to financial hardship.
He made the comments in the Dáil in response to Sinn Féin’s Claire Kerrane, who said the Government had not done enough to protect those facing electricity disconnections due to rising energy costs.
McGrath said the Government had responded in what he believed is a “very fair and generous way” in the Budget to assist households with rising cost-of-living outgoings.
He said the measures include three €200 electricity credits, an expansion of the fuel allowance, lump payments and an increase in weekly welfare payments.
In addition, McGrath said the pause on disconnections for non-payment had been extended to three months and for vulnerable customers the period had been increased to six months.
“We acknowledge they are in a different situation, they are in a more vulnerable situation because in the absence of anything else happening, if there credit is gone then the power essentially stops,” he said.
“There should be no reason why anyone this winter because of reasons to do with financial hardship loses their power supply.”
He added: “We certainly do not want to see any vulnerable household lose their energy supply this winter.
“We do not believe that that should happen, we believe sufficient supports have been put in place to prevent that from happening.”
Includes reporting by Press Association
That’s because alot of them were broken during g family arguments during the lockdown
@Oliver Jumelle: Were you looking inside my house by any chance
@brian reid: I did for a while till that toaster came my way….
@Dan: hahaha. Learn to mind your business then.
Keeping the Chinese economy going.
@Ian James Burgess: It’s ridiculous how much the chinese are profiting from this Covid and scary how dependent we are on them for basic goods we could make ourselves
lots of this waste ends up in Ghana where the plastic is burned off the metal. much of the recycling system is a scam. I used to recycle my plastic until i found out its gets dumped in poor country’s in Asia. better just to put it in the general waste bin and let it be incinerated at the ringsend facility in dublin. At least we are dealing with the waste ourselfs then rather than exporting it
@Leitrim303: that’s a very good point on the incineration of plastic. It’s the only real option now when we see how much plastic ends up in the sea
But you can’t easily incinerate electrical goods due to the presence of poisonous elements in the electronics like arsenic.
@John Murphy: yes very true we cant burn electrical goods.however container loads of used electrical goods gets sent to Africa with some of it reusable but stuffed at the back of the containers is just pure rubbish with metals attached to plastic parts and dealt with in a really environmentally damaging way. disgusting that the EU lets this happen
@Leitrim303: You would do less environmental damage putting your electrical devices in a plastic container and burying them, than letting them get exported to Africa. This WEEE system is a total scam
Serious question. But if all of the holiday money is being spent in Ireland. Surly this has to have some sectors of the economy booming? I know of two businesses that can’t keep up with demand. And everyone I know is doing something in the house.
I look forward to seeing some kids in 3rd world countries scrapping them for metal.
Yesterday was Earth Overshot day
Day we’ve exhausted Earth’s natural resources for year
“Humanity now consumes 60% more than Earth can yield in a year, meaning we need 1.6 planets to sustain us.” https://www.dw.com/en/coronavirus-pandemic-delays-earth-overshoot-day-by-three-weeks/a-54572459
Misleading. Collection sites were closed for 3 months
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