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Friday 1 December 2023 Dublin: 2°C

# Inflation

Last month
November 2023
Supervalu closes 'non-viable' supermarkets amid stiff competition for customers
A report by
Eoghan Dalton
The grocery chain has closed supermarkets in some busy areas this year.
European Central Bank won't be cutting interest rates any time soon, President signals
The central bank held interest rates steady for the first time in over a year last month.
October 2023
Slowdown in inflation welcomed by ministers, with energy prices falling
Minister Donohoe says we must continue to drive down inflation in the year ahead.
Labour proposes new law to compel supermarkets to publish Irish profits
Labour’s finance spokesperson said: ‘We cannot conclude that price gouging is not a feature of the supermarket system.’
Budget measures will increase incomes but purchasing power lower than it was in 2020, says ESRI
It said the package of tax cuts, welfare increases, one-off payments and indirect tax cuts is worth around 2% of household disposable income on average.
Protesters march through Dublin city centre over cost of living ahead of Budget Day
The Cost of Living Coalition is calling for increases in several payments, a rent freeze, and for the eviction ban to be reintroduced.
Irish GDP set to contract for the first time in over a decade, ESRI says
The ESRI report states that this is the first episode of negative GDP growth since 2012.
September 2023
Cost of consumer goods and services rises 5% since last year
The rate of inflation is still higher than it should be but less steep than previous periods.
Central Bank expects a 'gradual and uneven' decline to inflation over next two years
The Central Bank also anticipates wages will increase due to pressures from the employment rate.
Grocery price inflation slows but remains high at 11.5%
Shoppers visited grocery stores more often this month than last month but purchased an average of one less item.
McGrath says Budget will be focused on cost of living and helping households with bills
The Finance Minister said he is “very conscious” of petrol and diesel costs and that a decision will be made on excise duty before the Budget.
Inflation in Ireland rises to 6.3%, new CSO figures show
This is the 23rd straight month where the annual increase in the Consumer Price Index has been at least 5%
'Hard choices need to be made': Large budget package would be a mistake says Fiscal Council
The report warned against overspending, which could further add to inflationary pressures felt by many.
This year
VHI to increase price of health insurance by 7% from the start of October
VHI said that more people have been accessing treatment since the pandemic, and that the cost of delivering treatment has risen.
Grocery inflation slowing but supermarket prices still rose by 12.8% in three months
Dunnes and Tesco are the most popular supermarkets in Ireland.
Dept of Finance says govt can't do anything about banks paying low interest rates to savers
According to comparison site the best interest rate for savers in Irish banks at the moment is 2%
Are you struggling because of increased mortgage interest rates?
Have your monthly outgoings shot up as a result of higher mortgage interest rates? We want to hear from you.
Price growth slowed in July to 4.6% while the Irish economy grew by 3.3% in Q2
Minister for Finance Michael McGrath expects inflation to slow further in the coming months.
Why the government is set to break its own budget rules for the second year in-a-row
Paul O’Donoghue looks at why government is going against advice from serious entities.
Contractors on public works projects to be better protected by state from inflation
Announcing the measure, Paschal Donohoe said that the construction industry had faced significant challenges in the past two years.
Taoiseach pledges tax cuts despite ESRI saying there is 'no rationale' following summer report
Inflation is expected to come down while tax revenue is due to rise, the ESRI said.
Why there's a push to take pensions decisions out of the hands of politicians
Those receiving the state pension remain at the whims of politicians.
Caution urged over spending corporate tax receipts, as Varadkar warns about fueling inflation
Taoiseach Leo Varadkar today said it is important not to fuel inflation – a mistake previous administrations have made.
Analysis: Weekly shop increases aren't driven solely by higher costs - what about company profits?
Economist Victor Duggan looks at the latest economic figures and asks why super-sized profit margins are not being queried more.
Shoppers turn to own-label products with grocery inflation at 16.5% since the end of February
It’s a marginal decrease on last month but still the third fastest rate of grocery inflation since 2008.
More than a third of parents surveyed by Barnardos had to cut back on heating due to inflation
The research is based on a survey of a sample of 315 parents.
Analysis: Housing in Ireland won’t look any better before the next general election
Economist Victor Duggan looks at the continued decline of housing supply in this country – he doesn’t hold out hope of it improving any time soon.
From energy caps to scrapped TV licence: How nearby countries responded to cost-of-living crisis
What measures have some other governments responded to rising prices over the last year?
Windfall tax on retailers who post huge profits being examined - Varadkar
Windfall taxes have been imposed previously by the government on energy companies and special dividends.
Analysis: Corporate profits must also be taken into account when discussing inflation
Oana Peia and Davide Romelli look at the increases in inflation and asses the impact corporate profits are having on this cycle.
Cost-of-living: Average year-on-year costs of milk and sliced bread rises by 24% and 13%
The CSO figures show that annual rate of inflation eased to 7.2% in April from 7.7% in March.
The national average price for a large 800g white slice pan was up 23 cent in the year to April 2023.
The average price of Irish cheddar per kg rose by €1.42 and butter per lb rose by 66 cents.
Tesco and Aldi dropped the cost of some of their bread goods yesterday by 10 cent, while Supervalu followed suit today.
Government holds discussion with retailers over prices as Tesco and Aldi cut bread by 10c
Sudden drop in bread prices by some supermarket chains blasted as a 'PR exercise'
The price cut came just hours in advance of an urgent Retail Forum meeting to discuss food prices.
Government holds discussion with retailers over prices as Tesco and Aldi cut bread by 10c
Opposition parties have been pressuring the Government to bring transparency to food prices and profits made by the industry.
Junior minister Neale Richmond will meet large retailers at 2pm this afternoon.
Earlier today, Tesco and Aldi announced a 10c cut in the price of their own-brand bread.
Government accused of ‘sitting on its hands’ during cost-of-living crisis
Taoiseach Leo Varadkar told the Dáil the Government was introducing measures every month to help people struggling with bills.
Retailers must 'step up to the plate' and reduce grocery prices, Richmond says
A meeting of the Retail Forum is due to take place on Wednesday.
Retail summit to discuss concerns over food prices in Ireland
The meeting has been called by Neale Richmond, the junior minister with responsibility for retail business.
European Central Bank raises interest rates by 0.25 percentage points
The institution has lifted rates at an unprecedented pace since last year to combat spiralling energy and food costs.
Companies should pass on savings as costs fall, Donohoe says
The Public Expenditure Minister said that the Government would be watching out for companies profiteering.
European Central Bank expected to hike interest rates again as inflation grows
The inflation rate in the eurozone rose to 7% in April.
Inflation slows again in April, but only to 6.3%
Average energy prices fell last month but food costs increased slightly.