According to Daft. ie most recent sales report, housing prices were largely stable between June and September. In the third quarter of this year, the average national listed price was €311,514. That is a 0.1% gain over the second quarter’s average and a 16% decline from the Celtic Tiger peak. The lowest average price was in … Read more
According to the Central Statistics Office, (CSO) lower-income households in June saw inflation rates of up to 10.3% compared to highest income households’ 8.2%. The CSO has published an update to its first research paper on inflation broken down by various household characteristics up to June 2022. Commenting on the research report, Joseph Keating, … Read more
The Consumer Price Index (CPI) rose by 9.1% in the year to June 2022, up from an annual increase of 7.8% in the year to May 2022, the latest figures from the Central Statistics Office show. This is the largest annual increase in the CPI since Quarter 2 1984 when annual inflation was 9.7%. The … Read more
Inflation in Ireland has increased to the highest level in 38 years, according to the Consumer Price Index May 2022 by CentralStatistics Office (CSO). New figures from CSO show that inflation hit by 7.8% in the year to May 2022,up from an annual increase of 7.0% in the year to April 2022. This is the … Read more
A top European Central Bank official has warned targeted and temporary measures should be used to tackle rising inflation. Philip Lane, the chief economist of the European Central Bank, acknowledged that people were experiencing a major increase in the cost of living but said that he believed the rate of inflation will fall later this … Read more
There were over 9,000 people accessing emergency accommodation in February, as homeless charities say rising rents and inflation are pushing people into homelessness. Figures released by the Department of Housing show that there were 6,825 adults who accessed emergency accommodation in the last week of February. There was also 2,667 children who were reported as … Read more
Consumer sentiment plummeted in March, according to KBC Bank Ireland, in what was the biggest month-on-month drop in confidence since the onset of the pandemic. There was a full ten-point drop in the index bringing it from 77 in February to 67 this month. While not as pronounced as the 34.7 point drop in April … Read more
The Economic and Social Research Institute has lowered its forecasts for growth in the economy this year and increased its outlook for inflation as a result of the ongoing war in Ukraine. In its latest Quarterly Economic Survey, the ESRI said inflation could peak at 8.5% this summer before averaging out across the year at … Read more
New research from the Central Bank has found that lower-income, older and rural households have faced a higher than average increase in the cost of living in recent months. This is because they spend a bigger proportion of their income on heating, energy, and transport, all of which have gone up sharply in price. In an … Read more
According to the Central Statistics Office (CSO) report, Irish consumer prices were on average 5% higher in January than they were a year previous, with transport and household energy costs driving the increases. The Consumer Price Index for January 2022, released today, displays eye-watering increases in the cost of fuels compared with the same time … Read more
The Government announced a €290 million package of measures designed to address rising costs and inflation on Thursday, with the “centrepiece” a cut in the electricity bill of every household of €200. Public transport fares are set to be cut by 20 percent from April for the rest of the year and the Government has … Read more
Rents nationally increased by 10.3pc in the last three months of 2021 when compared with the previous year, according to listed rent prices compiled by the property website Daft.ie. An acute shortage of homes has pushed the rate that rents are rising to a four-year high. On a quarterly basis, rents increased in the Dublin … Read more
Ireland’s consumer price inflation rose to 5.5 percent year-on-year in December of 2021 from 5.3 percent in the previous month, the highest reading since April of 2001, the Central Statistics Office said (CSO). However, the rate of consumer inflation moderated somewhat in December from previous months, according to the latest Consumer Price Index. It means … Read more