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46% Increase In Energy Costs Contributing To 8% Price Rises In A Year In Ireland

Prices in Ireland have risen by more than 8% in the past year, according to European figures, which...
Ben Finnegan
Ben Finnegan

12:06 PM - 31 May 2022



46% Increase In Energy Costs C...

News

46% Increase In Energy Costs Contributing To 8% Price Rises In A Year In Ireland

Ben Finnegan
Ben Finnegan

12:06 PM - 31 May 2022



Prices in Ireland have risen by more than 8% in the past year, according to European figures, which looked at every country.

8.2% has been the average increase of prices in the year up to May in Ireland, slightly higher than the Eurozone average of 8.1%.

Last month, the annual increase was put at 7.3%.

A big contributing factor to the rise is energy costs, which over the past 12 months have grown by 46.2%, while in the past month it went up by 6.7%.

These totals are estimates with the CSO expected to give a more accurate figure on inflation in Ireland in June.

Estonia saw the highest increase across Europe at a 20% rise in the past year.



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CSO Cost Of Living Energy Prices European Eurozone Inflation

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