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THE RATE OF inflation in Ireland is at 7.8%, down slightly compared with previous months.
The CSO Consumer Price Index (CPI) rose by 7.8% between January 2022 and January 2023.
That’s down from an increase of 8.2% in the 12 months to December 2022, and the 8.9% increase in the 12 months to November 2022.
January is the sixteenth consecutive month where the annual increase in the CPI has been at least 5%.
The divisions with the largest increases in the year to December were in the housing, water, electricity, gas and other fuels category, up 26.4%.
Increased energy costs are reflected in the yearly growth of housing, water, electricity, gas and other fuels, particularly in electricity (+62.7%), gas (+86.3%), liquid fuels (home heating oil) (+35.5%), and solid fuels (+44.8%).
Food and non-alcoholic beverages were up 12.8%.
Consumer prices fell by 0.8% in the month between December 2022 and January 2023.
The divisions with the largest decreases in the month were clothing and footwear (-6.4%) and transport (-2.9%).
Speaking at the start of the year, Finance Minister Michael McGrath said that he believed Ireland’s rate of inflation had peaked and the rate at which it falls will accelerate as the year goes on.
“We do believe that this downward trajectory with inflation will continue and will actually accelerate, particularly in quarter two and quarter three of this year, so that is good news,” he said.
Last month, the governor of the Central Bank of Ireland, Gabriel Makhlouf, said the sharp increase in the cost of living over the past year has resulted in an “erosion of living standards”.
Doesn’t pay car insurance, road tax, doesn’t have any servicing costs. Has the cheapest rent in Ireland. Spends 50 euro a week on groceries which covers food, toiletries, lunches, in fact everything that a normal person has to pay for. Doesn’t have to pay for normal items to run a home as landlord does this and charges way below mkt value rent(must be an angel). Totally fictitious as usual I would say.
@Eddie Garvey: it’s propaganda stories.. everyone lives a fairytale lifestyle and if you’re struggling then you’re not doing it right. Net pay does not match for that amount. Tax man must be sound too. Anyway, who could really be bother writing out this BS?
@Eoghan Augusta: she’d need to be on 40k to take that home, maybe she forgot she got a pay rise
Do 25 year olds refer to their other half as their partner now? I must be getting old and I’m only 38 :(
@Dave Murray: maybe he/she/them is just a private person who doesn’t want to broadcast his/her/their sexuality. so saying “partner” keeps it neutral. or maybe very grown-up ;-)
The net pay is nonsense. €2600 net a month on 35k. Would be great but NOT real
@Anne Mc Namara: ya expect to be 2450
@Anne Mc Namara: maybe you need to look at your tax credits and entitlements, it’s perfectly normal!
Get IPTV and ditch the subscriptions!
@M: arrrrrrrr me heartys
Gave up at Fizzy Pop
I am baffled why don’t they ever have people with kids doing this money dairy ? Or even pensioners different demographics it’s usually just single people with loads of disposable income – I don’t really think this is a accurate representation of our current day Ireland. I would prefer more information about money spending and less chit chat
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