The last time prices were recorded increasing at this rate was December 2023. Photograph: Yui Mok/PA Wire
The price of groceries in Irish supermarkets is now climbing at its fastest level in almost two years with the rate of inflation put at 6.5 per cent in the 12 months to early October.
According to retail analysts Worldpanel by Numerator, the last time prices were recorded increasing at this rate was December 2023.
Worldpanel also noted that the absence of one-off relief measures for Irish consumers in the budget and said that was likely to have an impact in the run up to Christmas with “extra pressure” likely to be felt
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