It’s a marginal decrease on last month but still the third fastest rate of grocery inflation since 2008.

The research is based on a survey of a sample of 315 parents.

What measures have some other governments responded to rising prices over the last year?

Windfall taxes have been imposed previously by the government on energy companies and special dividends.

The price cut came just hours in advance of an urgent Retail Forum meeting to discuss food prices.

Taoiseach Leo Varadkar told the Dáil the Government was introducing measures every month to help people struggling with bills.

A meeting of the Retail Forum is due to take place on Wednesday.

The meeting has been called by Neale Richmond, the junior minister with responsibility for retail business.

The institution has lifted rates at an unprecedented pace since last year to combat spiralling energy and food costs.

The Public Expenditure Minister said that the Government would be watching out for companies profiteering.

The inflation rate in the eurozone rose to 7% in April.

Average energy prices fell last month but food costs increased slightly.

Finance Minister Michael McGrath was reluctant to commit to a giveaway budget this year, stating that inflation is now lower than last year.

Ged Nash said that the Competition and Consumer Protection Commission needed to examine the matter.

March was the 18th consecutive month where inflation was at least 5%.

Last quarter also saw a major boost in the stock of used electric vehicles listed on DoneDeal.

That’s according to new researched published by the ESRI today.

This week on The Explainer, Laura Byrne speaks to Edgar Morgenroth, professor of economics at DCU Business School, to delve into the subject more. What level of shrinkflation are we seeing right now, is there anything to protect consumers from it – and when will it end?

The CSO Consumer Price Index rose by 8.5% between February 2022 and February 2023.

The Bank revised its consumer price inflation forecasts down to 5% due to a more positive outlook for energy prices this year.

In contrast, at the same time last year, grocery inflation was only 2.4%.

The Consumer Price Index (CPI) rose by 7.8% between January 2022 and January 2023.

A survey on food poverty by Barnardos showed an increase in food poverty, compared with their previous survey.

The bank said that it intended to raise interest rates further in March.

The Taoiseach said it is ‘fair to say that the rising cost-of-living is biting hard’.

The CSO today published the flash estimate of inflation from the EU HICP for Ireland for January.

Gabriel Makhlouf was speaking before the Oireachtas Committee on Finance, Public Expenditure and Reform this afternoon.

Ardern said she would step down no later than 7 February because she no longer had ‘enough in the tank’.

Jeremy Hunt used a video set in a cafe to explain the rising cost of coffee.

That’s down from an increase of 8.9% in the 12 months to November 2022.

The National Education Union has declared seven days of walkouts in February and March.

An Post say that higher fuel and energy prices have made the increase necessary.

The company said the increase is due to “significant inflation in input costs across our operations”.

On average, shoppers spent an additional €95.31 when compared to the last three months of 2021.