Inflation in Ireland, as measured by the Harmonised Index of Consumer Prices, is estimated to have moderated to an annual rate of 4.8% in June. This comes from 5.4% in May following new figures from the Central Statistics Office show. Today’s CSO flash inflation figures show that energy prices are estimated to have increased by…
Tag Archives: Inflation
In a recent survey, the Credit Union Consumer Sentiment found that more than a third of Irish consumers are struggling to cope with the impact of inflation. Grocery price inflations have also hit a new record high of 16.4% this year. However, the Central Bank forecasts inflation to drop this year. Here’s more of what…
2022 saw a record amount of taxes collected in Ireland. Luckily, this also means an increase in tax returns to aid those struggling with Ireland’s current financial state. The following articles contain all you need to know about the changes to taxes in Ireland. Exchequer collected record €83bn in tax last year A record amount…
Mark Kennedy & Co. have written informing readers about the recent European Central Bank (ECB) rate hike and the effects it has had. Keep reading to stay updated on current events in the banking sector. Banks to write to tracker customers following ECB rate hike The main retail banks have said they will be writing…
Households and businesses can dramatically cut down on expenses and costs by making simple changes. From cutting down on day-to-day spending habits, switching providers or just having a change of mindset. Discover more as this blog discusses these issues further. Households still saving 19% of their incomes – CSO New Central Statistics Office figures show…
Price rises are causing the cost of living in Ireland to increase. Rising inflation, in large part due to the pandemic and the war in Ukraine, is affecting all prices from everyday costs to larger purchases such as motors and housing. Continue reading to find our blog posts that highlight financial issues caused by price…
Since the start of the Covid-19 pandemic over 2 years ago, the Irish government have made an effort strengthen the economy. Unfortunately, the decisions that were made may have the opposite effect. There is an uncertainty around inflation rates and the future of economic growth in Ireland. The International Monetary Fund (IMF) has made many…
There are many events taking place in the world today. Not least of these is the Russian war on Ukraine which has affected all industries. The Central Bank predicted a downward spiral of the economy and the eurozone facing major inflation. As a result, employment rates and costs of living prove to be a dilemma….
Price increases for gas and electricity announced by Bord Gáis are difficult, but reflect the underlying volatility of wholesale prices in the market, according to the chairperson for the Commission for Regulation of Utilities (CRU). Aoife MacEvilly said: “Even with competitive pressures, the reality is we’ve got very high and volatile wholesale gas prices, which…
More lenders are likely to follow the lead of ICS Mortgages in the coming weeks in raising fixed rate products, according to one treasury specialist who works with businesses on their financial planning and lending needs. John Finn, Managing Director Treasury Holdings and Founder of the Treasury Hub, said the move upwards was entirely predictable…