Thursday 14 December 2017

High cost of living still remains to be tackled

The high cost of living has to be tackled
The high cost of living has to be tackled

When the troika finally left Ireland in December 2013, they had done much to change the financial management of the country, for good or ill depending on your point of view. The one part of their mission which failed rather abysmally was their aim to cut the costs of goods and services, particularly among the professional classes.

The Central Statistics Office has now belatedly come out with a new report, 'Measuring Ireland's Progress 2012', which sounds dated already, but which provides many interesting findings on the way we were at that time.

For those who have suffered most from the austerity regime of the last five years, the most stark statistic is that Ireland is still the fifth most expensive state in the EU, after Denmark, Sweden, Finland and Luxembourg, with prices here 15pc above the average.

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