mai 18, 2022

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Price hikes in Ireland in February: Petrol, diesel, supermarket shopping and other bad news

Irish customers will notice another increase in pumps as petrol and diesel prices are up 2 centimeters per liter from Friday.

The increase is largely attributable to the carbon tax as Ireland aims to reduce its carbon footprint to reduce the effects of climate change.

AA says 60 percent of the price paid on the pumps is tax, including value-added tax and carbon tax.

And the petrol pumps won’t be the only place Irish shoppers will see a rise in costs next month.

Families may have to spend up to €780 more on groceries over the next year compared to 2021 – with no noticeable difference in February but a gradual rise expected.

Prices of basic staples such as bread, milk, pasta, tea and butter have risen by up to a third in the past month.

A new report shows that the cost of general groceries rose 5.5% in Ireland throughout 2021, with retail experts saying more price increases are coming.

The data, published by the Central Statistics Office, showed that the price increase recorded last year was one of the largest in Ireland in 20 years. The report also showed that the highest increase occurred during the month of December.

Looking at consumer prices across stores in Ireland, the Central Statistics Office report showed that there is a steady increase in most household items.

The research showed that the price of basic staples such as bread, milk and butter has risen by 10 to 30 percent in recent weeks. The price of bread alone rose 5.3% throughout 2021.

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Butter that was included in the ‘oils and fats’ category saw a 4.4% increase along with various cooking oils.

Pasta prices increased 6.4% while poultry prices increased 3.5%.

Beverages also saw their prices rise with coffee growing by 2.5% and tea steadily by 1.9% over the year.

Energy and electricity prices have also risen in recent months, and while every household is entitled to a €100 discount on this year’s first electricity bill – you won’t get it in February.

Instead, this gift will come from the government in March.

About 2.1 million account holders will benefit from this system, with funds deducted from bills automatically.

Several energy providers raised their prices last year, blaming the cost of natural gas, lower wind speeds, and temporary shutdowns of power plants.