Household confidence falls for fourth consecutive month following spate of high profile price hikes

Increases in health insurance premiums among recent series of price rises hitting consumers in recent weeks 

The Credit Union Consumer Sentiment Survey showed an index reading of 65.7 for May, down modestly from the April figure of 67.8. Photo: Sam Boal/Rollingnews.ie

Consumer sentiment waned for the fourth consecutive month in May as a lack of improvement in persistent cost of living pressures weighed down on consumers, according to a survey. 

The Credit Union Consumer Sentiment Index for May showed consumers were less optimistic about their household finances, with confidence still being hit hard by the cost of living.