Standard of living falls as cost pressures bite, CSO figures reveal

Th figures also showed households have become more conscious about their saving habits since the start of the pandemic as they saved 19% of their income in Q3, up from 10% pre-pandemic.

Household income declined by 0.8% during Q3, but household consumption grew partly due to soaring inflation, according to figures from the Central Statistics Office (CSO).

The standard of living for Irish households fell in three of the last four quarters as high prices put pressure on households, latest figures show.

Household income declined by 0.8% during Q3, but household consumption grew partly due to soaring inflation, according to figures from the Central Statistics Office (CSO).