‘Pure greed’ driving up prices

GREEDY publicans, hoteliers and restaurant owners have been accused of ripping off consumers by continually pushing up prices.

Latest inflation figures show the cost of dining out and accommodation has risen by more than 7% so far this year. The prices of drink, entertainment and everyday household items have also risen sharply.

The Consumers Association of Ireland said increases were driven by 'pure greed' and warned that rising prices would result in a serious economic downturn unless costs were brought under control.