Irish inflation at 9.6% as eurozone price rises hit record highs

It has been indicated the Government may choose to bring the Budget forward by one month, with a decision expected next week.

These further spikes in the cost of living may add further pressure to the Government to introduce measures to reduce the pressure on families heading into the autumn and winter.

Ireland’s estimated annual inflation hit 9.6% in June in new figures released by statistics agency Eurostat that revealed record price rises in the eurozone area.

That latest grim news regarding the cost of living comes after the Central Statistics Office’s consumer price index for May showed inflation then at 7.8%, the largest increase in almost 38 years.