Hard Brexit to cost Irish households €1,360 a year

The price of bread and cereals could rise by up to 30%, while milk, cheese, and eggs prices could increase by 46% if tariffs and trade costs were introduced.

That is according to a study published by the Economic and Social Research Institute (ESRI), entitled Brexit and Irish Consumers, which used a number of Brexit scenarios to examine the price increase of a range of imported goods.

The study says a hard Brexit would increase the cost of living for all households by 2% to 3.1% — an annual increase of €892 to €1,360 per household.