Warning over 'spectacular' surge in fuel costs and rising rents

Increasing energy and grocery prices are ramping up pressure on everyone, with those in lower-income households feeling the pinch even more this year, writes Sean Murray.

People are choosing between heating and eating, advocates say. Picture: Stock Image

The soaring cost of living has been thrust into the spotlight again as another report highlighted the seriousness of the situation.

The Central Bank forecast that inflation would surge again this year. Singling out energy prices, in particular, the bank’s governor Gabriel Makhlouf described the surge in costs here as “spectacular”.