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THE COST OF LIVING in Ireland rose by 0.6 per cent in the month of August – sending the annual inflation rate to its highest in five months, new figures show.
Data from the Central Statistics Office shows the cost of living had increased by 2.0 per cent in the last twelve months.
The costs of education and transport rose at the highest rates in the last year, with education costs up by 9.6 per cent and transport up by 8.3 per cent – increases which can be attributed to the increasing third-level fees and the surging cost of petrol.
On a month-by-month basis, the highest increase was seen in the clothing and footwear section – where the 6.6 per cent month-on-month increase will have taken a particular toll on families shopping for school uniforms.
The cost of home furniture rose by 0.7 per cent last month, while the price of food and recreational costs rose by 0.3 per cent.
The price of housing and home utilities, and of utilities, fell in August by 0.5 per cent and 0.4 per cent respectively.
Excluding the costs of housing, which continues to fall as the decline in the property market goes on, inflation has risen by 3.1 per cent in the last year. Excluding mortgage interest, the cost of living has risen by 2.9 per cent.
When removing energy products, however, the price of living has only risen by 1.0 per cent in the last year – indicating the impact of continuing increases in the costs of electricity, gas and home heating oil.
When measured by the Harmonised Index of Consumer Prices – the standard methodology used across all EU states – the cost of living rose by 0.8 per cent in August and by 2.6 per cent over the last year.
That annual rate matches exactly the average annual rate of inflation throughout the 17-member Eurozone.
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cost of.living goes up but wages don’t,how longer can this continue
Some wages are increasing. Public service increments are still payed even though we are a bankrupt state.
Glad that my salary rose by 4% in the same period then.
ah itl be grand sure that Kenny lad is sound out
But the ultimate “cost” in the long run will be a radical reduction in the quality of lives of those struggling and swamped with bills. The real cost will be huge stress and worry about how to make ends meet.
Did those troika bastards not say the exact opposite to this headline during the week?
wait thats all lies those honest, lovable,hardworking,underpaid nice men from the troika reckons the cost of living in ireland is down a lot and we all should have our wages and welfare cut…….I am shocked that they may have lied to us on this!
It’s because our welfare and minimum wage are too high that inflation is up. It’s insane. If you want cost of living to fall they have to come down. Not popular, but an unfortunate truth.
The sum of life in Ireland. Higher taxes + Lower Wages + Government Levies + Universal Social Charge + Negative Equity + Bank Bailouts + Mortgage Interest + Expensive Petrol + Energy Prices + Cost of Living = 0 left to spend in the local economy such as food, clothing and general day to day / recreational expenses.
So much for the much vaunted low cost economy.
Ah sur it doesn’t matter it’s only the citizens of iredland who have to suffer, because politicians get their petrol paid for by us anyway through their “expenses”. What a flamin joke. The fools in government now will have us back in the times of the famine by 2016 because all we,ll be living off of is bread nd butter cos that’s all we,ll be able to afford, while the “leaders” get fed with golden spoons.
There,s a lot more Irish citizens in Ireland than there is in the dail. These muppets need to go!!!
http://www.change.org/petitions/supporting-the-irish-nation-step-down-from-government
So much for the deflation death spiral that austerity was supposed to bring.
ahh dont cut me welfare
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