Families spending more on housing than food for first time – CSO
FAMILIES are spending more on housing than on food for the first time ever.
A new report from the Central Statistics Office reveals that housing costs have soared by 50pc in five years.
That means households now spend 18pc of their money on housing, up from 12pc in 2005.
By contrast we're actually spending less on food since the recession began, meaning just 16pc of our weekly budget goes on groceries, down from 18pc in 2005.
Fuel and light cost costs have also soared by 15pc, the Household Budget Survey shows.
And a separate CSO report "Measuring Ireland's Progress 2011" reveals that prices in Ireland are still among the highest in Europe.
We're now the fifth most expensive country in Europe with prices here 17pc above average, though that's an improvement on 2005 when we were second dearest.
Ireland has the highest fertility rate and the lowest divorce rate in the EU, but its unemployment level was fifth highest.