Ireland is now 46% more expensive than the EU average - East Coast FM
While high prices are not a surprise to anyone in Ireland, recent Eurostat data has revealed just how much more expensive the country is compared to the rest of Europe.
Daragh Cassidy, Head of Communications at bonkers.ie, appeared on East Coast FM to discuss the new statistics, and how they compare to our European counterparts. 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:
- Eurostat data for 2022 shows that consumer prices in Ireland were 46% higher than the EU average.
- Traditionally, Scandinavian countries such as Norway and Denmark have the highest prices in Europe, but Ireland has now overtaken them.
- In 2014, Ireland was around 28% above the EU average.
- The reasons for the higher prices faced by Irish consumers could be down to the higher wages found here, as well as higher taxes on goods such as alcohol and tobacco.
- Energy prices in Ireland were 38% higher than the EU average, with only Denmark beating us on cost.
- Alcohol and tobacco goods in Ireland are the most expensive in the bloc, being over double the average while communication costs were 56% above average, and healthcare costs were 82% above average.
- Food costs are the fourth highest in the EU, but they're a little bit closer to the EU average at about 15% above average.
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