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Consumer Prices Rose By 8.2% Over Past 12 Months To September 2022.

The CSO’s latest data (October 13th 2022), showing the national average price of groceries, consisting of essentials including bread, milk, cheese, rashers, sausages, chicken, fruit, vegetables, are now €11.00 more costly.

The average price of a large 800g white sliced pan is up 26 cents. So, if a family buys four sliced pan loaves a week, same represents an increase of over €54 per year, on purchasing just bread alone.

“Man shall not live by bread alone…….” (Matthew Ch. 4:V. 4)

Next, add bread prices to the increased price rise on full fat milk, per 2 litres, which has increased by 41 cents in the past year, while the average price of Irish cheddar, per kg, rose by €1.23; butter, per lb, up 67 cents; one dozen eggs up 12 cents; a medium size chicken up 85 cents; spaghetti up 31cents per 500g; then suddenly your grocery bill noticeably shoots further skyward.

For those of us who enjoy alcoholic beverage, the national average price of a take-home 50cl can of lager is €2.16, up 21 cents on average from September 2021, while a take-home 50cl can of cider at €2.46 is up 25 cents in the same period.
In September 2022, the national average price of a pint of stout in licensed premises was €5.14, up 19 cents a pint over the past year, while a pint of lager is costing €5.55, up 25 cents compared to that paid in September 2021.

Increased energy costs are reflected in the yearly increase of Housing, Water, Electricity, Gas & Other Fuels with electricity up 36.2%, gas up 53.1%, liquid fuels (home heating oil) up 83.8% and solid fuels up 32.5% in the year.
The annual change in Transport costs reflects a rise in the cost of diesel (+32.5%), petrol (+15.1%), purchase of motor cars (+11.2%) and airfares (+18.8%); compared with September 2021.

Housing, Water, Electricity, Gas & Other Fuels rose mainly due to an increase in the cost of electricity, liquid fuels (home heating oil), gas, solid fuels, higher rents and mortgage interest repayments.
Transport increased primarily due to a rise in prices for motor cars, diesel, petrol and services in respect of personal transport equipment. However, this increase was partially offset by lower prices for passenger transport by bus & coach and by railway.

Restaurants & Hotels prices rose, mainly due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc. and an increase in the cost of hotel accommodation, possibly in many cases brought about by sheer greed.

Miscellaneous Goods & Services did decrease, primarily due to a reduction in prices for motor insurance premiums, health insurance premiums, jewellery, clocks & watches.

Do not forget to budget these price rises to include the 10% increase in Local Property Tax here in Tipperary and the €1.60 per hour charges in Thurles town centre for parking your motor vehicle before you even buy one iota.

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