Advertisement

News

Inflation Hits 38-Year High

Price inflation remains at its highest level in 38 years. Latest figures from the CSO show it remain...
Ben Finnegan
Ben Finnegan

12:14 PM - 11 Aug 2022



Inflation Hits 38-Year High

News

Inflation Hits 38-Year High

Ben Finnegan
Ben Finnegan

12:14 PM - 11 Aug 2022



Price inflation remains at its highest level in 38 years.

Latest figures from the CSO show it remains at 9.1%.

The data, which covers the year to July, is the largest annual increase since the middle of 1984.

Housing and energy prices have jumped by 21.6% in the past year.

Economist Austin Hughes says households will be struggling with the rising cost of food:

"We see dramatic increases across a range of food prices with the overall increase of 7.7%, but flour is up 17% on the year, bread is up 15%, butter and cooking oils up 17%.

"These are staggering increases."



Read more about

Cost Of Living Energy Food Grocery Inflation Prices

You might like