Car insurance worst offender as many living costs soar

Car insurance worst offender as many living costs soar

Many areas of living costs are rising in Ireland with the likes of car insurance soaring more than 30% over the past year, latest official figures reveal.

Home insurance premiums rose 7% and payments for health insurance plans jumped 2% over the 12 months.

At the same time, people renting homes have been forced to endure an average 8% hike while education costs - most notably for third level - have also increased.

Huge increases in some goods and services were offset by lower diesel and petrol prices at the pumps as well as the dropping cost of buying a car.

Over the year, clothing was also cheaper - as a result of sales - while the price of food staples such as meat, milk, cheese, eggs, bread and cereals also dropped slightly.

However, the price of vegetables has gone up with potatoes jumping 10% at the checkouts over the past year.

Overall the cost of living has risen by 0.1% in the last year.

The figures were released by the Central Statistics Office as part of its consumer price index.

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