Price of food, bills and rent up as average annual rate of inflation at highest level since 1984 

The price of food rose significantly in the last year, the CSO said.

Ireland became significantly more expensive last year, with the average annual rate of inflation at its highest level since 1984.

The Central Statistics Office revealed on Tuesday that 2022 had the eighth highest annual inflation rate from the almost 50 years of data it has available, standing at an average of 7.8% last year. The only years that had a higher rate were from the late 1970s and early 1980s.