Consumer Price Index shows rise in cost of everyday goods and services

The cost of many everyday goods and services has rocketed since austerity measures were introduced in 2008.

Figures published by the CSO yesterday highlight how austerity has impacted on consumer spending, with expenditure on goods and services falling by 12%, or €11.5bn, since 2008 to €82.6bn last year.

An analysis of the Consumer Price Index shows health insurance has more than doubled, while the cost of education has jumped by 30%, public transport by 29%, electricity by 31%, and gas by 27%.