Rental costs rise at many times the overall inflation rate

Landlords continue to hike rents at many times the overall rate of inflation despite the housing crisis, but the costs of insuring a car, after consecutive years of price increases, fell sharply in the past year, official figures suggest.

The CSO’s latest Consumer Price Index continues to show that annual inflation remains modest in Ireland — its weighted basket of goods and services rose last month by only 1.1% from June 2018.