The pricing around alcohol and food make for particularly grim reading for consumers.
Food and non-alcoholic drink were 15% above the EU average, seeing Ireland rank fourth overall. Romania was the cheapest, with food coming in at 28% below the EU average.
If you're looking for the cheapest place for a break in the sun, Bulgaria is the spot for you, with prices a staggering 50% lower than average.Meanwhile, for those planning a staycation, Ireland ranked fourth most expensive for restaurants and hotels, with prices sitting at 29% above the EU average.Communication costs rank as the third highest in the EU, whilst education costs are the ninth most expensive across the continent.
These figures will bring about renewed pressure on the coalition government ahead of the Dáil's summer recess, and will be a concern following their recent improvement in electorate approval polls. The news of Ireland's exorbitant pricing also comes fresh off the back of Minister of State at the Department of Enterprise, Trade, and Employment Neale Richmond, calling for retailers to reduce prices amidst the worsening cost-of-living crisis.Similarly, last month, Taoiseach Leo Varadkar accused some companies of profiteering from the crisis, stating that multinational companies were securing"significantly" bigger profit margins on products in Ireland than they would elsewhere.
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