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Inflation In Ireland Hits Highest Level Since 1984

Inflation in Ireland hit 7.8% in May. It's the biggest annual increase since 1984. Estimated figures...
Ben Finnegan
Ben Finnegan

11:26 AM - 9 Jun 2022



Inflation In Ireland Hits High...

News

Inflation In Ireland Hits Highest Level Since 1984

Ben Finnegan
Ben Finnegan

11:26 AM - 9 Jun 2022



Inflation in Ireland hit 7.8% in May.

It's the biggest annual increase since 1984.

Estimated figures from Eurostat late last month had prices increasing by 8.2% in May.

The rate has now been confirmed by the CSO to be at 7.8%.

In May, the largest increases were seen in housing, energy costs and transport.

Alcohol and tobacco saw rises of 2%, while restaurants and hotels only saw prices increase by just over 1%.

Meanwhile, the CSO also released figures on household savings, which shows on average 19% of paychecks are being put away for a rainy day.

It's double the rate of saving in 2019.



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Cost Of Living Energy Energy Prices Fuel Prices Housing Inflation

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