The Central Statistics Office on November 13th released the consumer price index for this year, which shows a 2.9% increase in the inflation rate over the last 12 months, which is the fastest and highest rise of inflation since March of 2024.
The increase will affect the prices of food items such as dairy and pastries. The price of poultry and meat increased by 6.6% which will affect the price of viands such as Chicken, beef, and turkey.
Photo By: Synoah Penaflorida
Aside from household staples, an increase of 7.7% in health insurance, 3.7% in electricity, and 3.6% in rent was reported in the current figures.
Going around Dublin city centre, TheCity asked a few people how much they will be spending this Christmas.
Economist, Dr. Clare O’Mahony, will also be commenting on the hiking prices this holiday season.
You must be logged in to post a comment.