Inflation in Ireland has risen to the highest rate since 1984. New figures from the Central Statistics Office (CSO) show inflation hit 7.8% in May, up from 7% in April.
The increase was largely driven by spikes in fuel prices.
The cost-of-living crisis facing households across the country has dominated politics in Ireland in recent months, amid concerns about the impact on the poorest.
Colin Cotter, a CSO statistician, said: “Prices have been rising on an annual basis since April 2021, with an annual inflation of 5.0% or more recorded each month since October 2021.”
According to CSO data, electricity prices jumped by 41% in the last year, while home heating oil rose by more than 100%.
The cost of diesel also increased by 42% and petrol by 26%.
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