Living standards fall as inflation bites into household income       

The CSO said households saved 19% of their income in the third quarter last year

The Central Statistics Office said total earnings rose in the quarter, reflecting an increase in employment, but 'inflation outpaced this growth, leaving real income lower'. Picture: Larry Cummins

Living standards fell again in the third quarter last year as inflation ate into household income, official figures confirm. 

The Central Statistics Office (CSO) said total earnings across the economy rose in the quarter, reflecting an increase in employment, but that "inflation outpaced this growth, leaving real income lower".