Workers don't expect pay rises to match inflation

Most workers expect their real earnings to go down even after pay increases

While a third of working Irish residents expect their earnings to increase slightly over the next year, the majority believe that earnings will grow by less than consumer prices over the next year.

Workers in Ireland do not expect their wages to rise over the next year by enough to offset rising inflation research by the Central Bank has found.

According to a survey of Irish households, the vast majority expect the inflation rate to increase over the next 12 months with people expecting average inflation of 10% over the next year.