Irish consumer prices are the highest in Europe - Newstalk

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Recently released Eurostat data has shown that prices for goods and services in Ireland were the most expensive in Europe in 2022. 

Daragh Cassidy, Head of Communications, appeared on Newstalk to discuss these new statistics, and how they compare to the rest of the EU. He also wrote an article on the results, which you can read here.

Listen to the interview above or look at the main points discussed below.

Main points from the interview:

  • Traditionally, countries like Luxembourg, Sweden, Norway and Denmark are the most expensive countries in Europe. 
  • However, prices in Ireland are now 46% higher than in the rest of the EU, making our nation the most expensive country for consumers to live.
  • Daragh makes the point that it would have been unthinkable to visit Norway to find better value 15 years ago. 
  • Prices for tobacco in Ireland are three times higher than the EU average, and prices for alcohol are double the average. This is primarily down to government taxation on these products.
  • Food prices are 15% above the EU average, making Ireland the 4th most expensive country for groceries. Cultural activities and recreation are 17% above average, the 5th most expensive overall. 
  • Heating and energy costs are 40% above the average, and the second most expensive across Europe. 
  • On the other hand, clothing and furniture prices in Ireland are either below or around the average for the EU.
  • Daragh advises that the best thing to do is shop around, as there is always a better deal to be found somewhere.

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