Ireland the fifth most expensive EU state as cost of living falls

IRELAND is the fifth most expensive place to live in the EU, despite the fall in the cost of living in recent years.

According to figures from the CSO for last year, only Denmark, Finland, Luxembourg and Sweden are more expensive places to live within the EU than Ireland, with Irish prices 18% above the EU average.

The report, Measuring Ireland’s Progress 2010, said this was a considerable improvement on the 2009 figure, when Irish prices were 26% above the EU average and second only to Denmark.