Irish inflation cools, but wage rises still fail to keep up the pace

With inflation at 5.4% in May, CSO figures show average weekly earnings rose by only 4.3% in the first three months from the same period in 2022, suggesting the squeeze on the living standards of most households is continuing

Food prices still are still running 12.5% higher from a year earlier.

The pace of consumer prices is cooling, but increases in wages are failing to keep pace and suggest the financial squeeze on many Irish households will not lift any time soon. 

New official figures show the annual headline rate of Irish consumer price inflation, at 5.4% in May, had slowed from 6.3% in April.