Cost of living grew 6.3% in 2023 as Ireland's inflation went up in December

Meanwhile, the CSO said that next month it will update the basket of goods that its Consumer Price Index is based on, measuring inflation in Ireland. File picture

Ireland’s annual inflation rate rose again last month with the average figure across all of 2023 showing a rise in the cost of living of 6.3%.

The full year figures from the Central Statistics Office show that 2023 was another year where the costs facing households surged, with the 6.3% annual average rate of inflation contrasting with the 7.8% rate in 2022. In 2021, this was just 2.4%.