Confidence amongst Irish consumers falls sharply over Russian invasion

'The uncertain geopolitical situation is a headwind for GDP growth and living costs in Ireland,' said Bank of Ireland chief economist Loretta O’Sullivan. File Picture: Larry Cummins

Consumer confidence has fallen sharply over rising inflation and the fallout from the Russian invasion of Ukraine a new survey has found.

Nine in ten households now think that consumer prices will rise in the next 12 months — up from 82% in February according to Bank of Ireland's Economic Pulse survey.