Shoppers on Henry Street in Dublin: the latest figures show the rate of inflation falling to 1.6 per cent It would be wrong to suggest that the cost of living crisis is over. One in five Irish people is struggling and almost two thirds are in the same financial position now as they were at the height of the crisis early last year, according to a recent survey. But we might, at least, allow some optimism that the worst is behind us.put the rate of inflation at 1.
putting the rate at which grocery prices are climbing at 2.9 per cent, compared to 13 per cent in 2023. The research also pointed to an underlying fragility to the nascent recovery with most people believing the global economic situation will worsen over the next 12 months and only one in 10 of the view that things will improve.
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