€138,814 per month and rising: The cost of doing business in Ireland

Small Firms Association warns that viable businesses will be lost due to rising costs

Companies with less than 50 employees have seen prices rise for transport, energy, labour costs, insurance, technology, banking and telecoms.

Viable businesses in Ireland may close due to their inability to absorb rapidly rising business costs the Small Firms Association (SFA) has warned.

As businesses and households struggle with rising inflation, particularly for energy, the trade body said small businesses are now caught between rising inputs and customers who are demanding value.