Households save nearly 20% of income in first quarter of 2022

Increased prices as opposed to rising consumption levels resulted in the slight rise in current expenditure by households

On average, households were saving nearly €1 for every €4 they spent during the first three months of the year.     

Households saved 19% of their income in the first quarter of the year, figures released by the Central Statistics Office (CSO) today show.

On average, households were saving nearly €1 for every €4 they spent during the first three months of the year.