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: Ireland’s economy
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…
The world is starting to think differently about employment and Ireland is no exception. Remote work and a demand for better employment conditions and pay are changing the ways in which employment is approached. Mark Kennedy & Co. observe the changes in unemployment rate and employment laws. October unemployment rate steady at 4.4% – CSO…
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…
The government of Ireland plans to be a part of the EU-wide response to high energy prices. If this is not possible, it plans to bring forward its own measures to aid with rising costs. Read more on the upcoming tax cuts and budget plans envisioned for 2023. €11bn Budget announced due to ‘exceptionally challenging…
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…
Many high growth companies across Ireland have announced the creation of new job opportunities. The jobs are centred in the technology and business service sectors, including sales and marketing, software development, engineering etc. Continue reading for further information. 241 new jobs in eight IDA Ireland high growth companies The IDA Ireland has announced the creation…
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…
New rules aimed at ensuring motor and home insurance customers do not get penalised for their loyalty are to come into effect from July 1. It means that from that date it will not be possible for insurers to charge any renewing customer a premium that is higher than they would have charged a consumer…