Customers are going through rising costs at nearly each flip as inflation reaches ranges not seen in additional than 20 years.
Because of the large squeeze, most Irish households might want to discover over €2,000 extra this 12 months than they wanted in 2021 simply to maintain meals on their tables, their automobiles on the highway and their properties even reasonably heat and vibrant because the 12 months progresses.
Rising oil and fuel costs, provide chain points, Covid and Brexit have all contributed to the disaster.
Whereas the Authorities hoped that it could be a brief time period downside, the temper music has shifted in current days and there at the moment are fears inflation could possibly be with us for a while to come back.
However who’s being hit hardest and what are the results of the value spiral?
Sorcha Pollack talks to Irish Instances Shopper Affairs Correspondent Conor Pope about what if quick changing into one of many defining tales of 2022.
Within the Information is offered by reporters Sorcha Pollak and Conor Pope
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