By: Barry Murphy – Independent Journalist
Grocery prices in Ireland have significantly increased, with some reports indicating a nearly 40% rise in the past four years. This surge in food costs has outpaced general inflation, creating a major concern for Irish households. Some families are reportedly spending €3,000 more annually on groceries compared to 2021, according to some Dáil Éireann discussions.
Here’s a more detailed look:
- Outpacing Inflation: This increase in grocery costs has outpaced the overall Consumer Price Index (CPI) inflation rate.
- Financial Strain: The rising cost of groceries, coupled with increases in other household expenses like energy and rent, is putting a strain on household budgets, particularly for low- and middle-income families.
- Consumer Concern: A significant portion of the Irish population is extremely concerned about the cost of groceries, according to a recent PwC survey.
- Impact on Families: Reports indicate that some families are now spending €3,000 more annually on groceries than they were in 2021.
- Specific Examples: One TD noted a 67% increase in the price of two liters of own-brand milk since 2021 and an 87% increase in the price of own-brand butter.
- Global Factors: Global price fluctuations, particularly in energy and fertilizer, have significantly impacted input costs for Irish farmers, contributing to the rise in grocery prices.
- Varying Estimates: While some reports highlight a 40% increase, other estimates suggest a surge of up to 22%.