What’s next for consumer prices? - South East Radio
The rate of inflation is finally beginning to slow down in Ireland, but what does this mean for consumers going forward?
Daragh Cassidy, Head of Communications at bonkers.ie, appeared on South East Radio to discuss the consumer price horizon.
Listen to the interview above or look at the main points discussed below.
Main points from the interview:
- When discussing falling inflation, it is important to remember that when inflation falls, it just means that the rate of price hikes is slowing, rather than an outright decrease in prices.
- There is the potential for major hikes in the costs of food, energy, streaming, public transport, petrol and diesel.
- The combination of the restoration of the fuel excise duty, and the carbon tax, means that drivers are likely to feel the pinch at the pump come November.
- The end of the Ukraine Grain Deal will unfortunately mean the price of pasta, bread, flour and other grain based foodstuffs will probably increase in price in the near future.
- According to Eurostat, Ireland is the most expensive country in the EU, beating traditionally expensive countries such as Denmark to the top-spot.
- Hopefully there will be some support for Irish consumers in the upcoming government budget, to help reduce the strain on households.
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