Prices in Ireland are estimated to have risen by 8.2% in the year to May, according to the EU Harmonised Index of Consumer Prices (HCIP) for Ireland.
According to the HCIP, energy is estimated to be up by 6.7% in the month and up by 46.2% since May 2021.
This compares with HCIP inflation of 7.3% in the year to April and an annual increase of 7.4% for the Eurozone in the same period.
Commenting on the data, Colin Cotter, Statistician in the Prices Division, noted that inflation rates of six Eurozone countries were lower than Ireland’s estimate and 12 were higher.
Sinn Féin spokesperson on Finance Pearse Doherty TD has called on the government to introduce an emergency budget in response to the cost of living crisis.
“We in Sinn Féin are again calling on this government to wake up, bring forward an emergency budget and implement the measures we have consistently called for,” he said.
“This refusal to act is inexcusable- a message to struggling households that they are on their own.
“The time to act was yesterday- the government needs to act now.”
