High inflation is here to stay in Ireland, economists warn
The cost of living in Ireland is expected to remain high throughout next year.
Inflation is likely to remain high throughout 2022 and beyond – with food and fuel becoming increasingly less affordable – economists have warned.
The grim outlook follows latest CSO figures showing the annual rate of inflation hit a 20-year high last month, with consumer prices up 5.3% year-on-year in November. The latest monthly rise was driven by jumps in energy, transport and rental costs.
