Average earnings rise but fail to keep pace with inflation

Figures from the Central Statistics Office showed that average weekly earnings were €871.62 in the second quarter, up from €850.81 in the same period last year

The accommodation and food services activities sector recorded the lowest hourly cost of employing staff.

Average weekly earnings rose by 2.4% on annual basis, lagging behind soaring inflation rates as Ireland faces a growing cost-of-living crisis.

Figures from the Central Statistics Office (CSO) showed that average weekly earnings were €871.62 in the second quarter, up from €850.81 in the same period last year. Meanwhile, average hourly earnings rose by 2.7% to €26.78, an increase from €26.07 during the second quarter of 2021.