Friday 24 November 2017

Consumer prices fifth most expensive in EU

Independent.ie reporters

The price of Irish consumer goods was 18pc higher than the EU average last year, new figures from the Central Statistics Office show.

Despite prices falling in the past two years, Ireland is the fifth most expensive country in the EU after Denmark, Finland, Sweden and Luxembourg.



But since 2009 there has been a big improvement when prices here were 26pc above the EU average.



The figures are contained in a new analysis called “Measuring Ireland’s Progress 2010.”



The report also tracks employment and the recession.



Last year unemployment was the sixth highest in the EU.



The overall employment rate went from 65.7pc in 2001 to 69.2pc in 2007 but slumped to 58.9pc by 2011.



Male employment fell sharply over the last three years from 76pc to 62.6pc early this year.



More people are also living in poverty.



In 2009, 5.5pc of the population were living in consistent poverty - up from 4.2pc the previous year.



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