Many are worried that if prices continue to rise at current levels, they will not be able to afford to continue to buy groceries.

Most people in this country consider the cost of food to be unacceptably high.

According to a consumer survey from iReach Insights, nearly half of adults believe that food prices are rising in multiples of official figures.

According to a survey of nationally representative adult samples, about 96% of adults experienced increased food costs last month.

The average amount of money an adult spends on groceries is € 125 per week.

However, one-third of adults spend less and pay € 51 to € 100 for groceries each week.

According to iReach Insights, nearly half of adults believe that weekly food consumption costs have increased by 11% and 20%. This is much higher than the official numbers.

The latest inflation rate from the Central Statistics Office shows that food inflation was 4.5% in May.

However, individual items like milk were 10 percent higher and butter was just over 11 percent over the past year.

Margarine rose a little over 20pc in May compared to a year ago.

According to a survey by iReach Insights, the majority of adults believe that the cost of Irish food is unacceptably high.

Research has shown that 60pc is worried that they can’t afford groceries as costs continue to grow.

Researchers have found that increasing food costs put 48% of adults under financial pressure.

One-third of adults report a 21% to 40% increase in meat and seafood costs. And they report that the cost of dairy products has risen significantly.

The findings will be conducted weeks after a European-wide survey found that the country’s prices were jointly the highest among the 27 member unions.

Prices here are 40% higher than the average for the entire European Union.

And the gap between here and those being charged on the continent is widening.

According to a new report from Eurostat, Irish people are paying much higher than the EU average for food, drink, energy, transportation, telecommunications and restaurants.

Ireland’s price is jointly the highest among the 27 member European Unions with Denmark.

Ireland is the country with the highest prices for alcohol and tobacco.

The country is the third most expensive food and non-alcoholic beverage, with average prices here 19% above the EU average.

According to a Sunday Times survey, shoppers here pay up to 70% more for Irish goods than in the UK when compared to the UK.

According to analysis, the price of a 400g tab in Sudocrem is € 11.79 in Tesco Ireland, while the price of the same product is only £ 5.80 (€ 6.85) in Tesco, UK.

This represents the price difference of 72pc.

Sinn Féin Party TD Matt Carthy said:

“With the government [Competition and Consumer Protection Commission] We need to fully clarify why Irish customers are paying more for the exact same product than British customers. “

Source link

Previous articleChimeron Marine Science Park completes construction of major structures
Next articleDespite the waves of Covid-19, crowds flock to malls and parks during the holidays