Consumers ripped off, says CAI

NEW figures on the cost of basic goods and services have provided further evidence that consumers are being ripped off, according to the Consumers Association of Ireland.

Although overall consumer prices in July fell by 0.4% on the previous month, the cost of the vast majority of items listed in the Consumer Price Index have risen sharply over the past year.

CAI chairperson Michael Kilcoyne said many of the price increases had resulted from “pure greed,” particularly in the hotel and restaurant sector.