McDonald's, groceries and other cost of living updates you need to know about

The cost of living crisis continues to have a firm hold on Ireland as many businesses and households are faced with making some tough decisions to make ends meet.Fast food giants such as McDonald's have also announced price hikes. Meanwhile, groceries continue to increase in expensive along with electricity and fuel.

"Just like you, our company, our franchisees who own and operate our restaurants, and our suppliers are all feeling the impact of rising inflation. Today's pressures mean, like many, we are having to make some tough choices about our prices. "We will continue to listen to what you want from us and work tirelessly to find solutions to today's cost challenges affecting our business," Macrow concluded.

In response to the cost of living crisis, Healy explained that shoppers are also reducing the frequency at which they go shopping while opting for cheaper products. In contrast, shoppers spent €19 million more on retailers' own-label products, which grew 1.5% over the last 12 weeks. The Central Statistics Office published the Wholesale Price Index for June 2022, which makes for grim reading for people who are already struggling to make ends meet.

Source: News Formal (newsformal.com)

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