Business Irish

Friday 23 June 2017

That second house up by the Dail is getting pricier for politicians

POLITICIANs

Up 3.3% since December

National average up 2.1% since December

At least there's one bit of good news for everyone.

Politicians have seen their cost of living rise at a far higher rate than that of almost everyone else over the last six months, according to the Sunday Independent/KBC cost of living survey. While the Government approaches the end of its first 100 days in office without any noticeable difference to the preceding 100 days, politicians are getting squeezed in their wallets.

The hike in living costs is even more extreme when viewed over a two-year period. Average prices rose 1.6 per cent but politicians saw their living costs rise 7.6 per cent.

The second house or flat up near the Dail is getting more expensive, with mortgage interest rates up 8.8 per cent since December.

Filling up the new Merc is nine per cent dearer than it was at Christmas. At least buying a new car is cheaper, with vehicle costs down 4.7 per cent in a year.

The summer break is looming at Leinster House and package holidays have risen by 2.8 per cent. However, other trips abroad are cheaper, with airline costs slumping nearly nine per cent since Christmas.

The slick suit and new shoes are also getting that bit dearer, with garments up 0.3 per cent in price over the last 12 months. But heading down to press the flesh at the local sports club is cheaper, with ticket prices down 0.3 per cent in the last month alone.

Sunday Indo Business

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