Irish inflation could top 13 per cent in the coming months, intensifying the squeeze on households, stockbroker Davy has warned.
“The 35 per cent and 39 per cent price hikes announced by Irish energy company SSE Airtricity over the weekend are likely just the start of similar moves across the sector as the surge in wholesale prices is passed through to households,” he said. Other suppliers are expected to follow SSE in announcing price increases in the coming days. As a result of the price hikes, the average gas and electricity bill in the Republic is now around €4,000.
IrishTimes The Ukrainian/Russian war is killing Ukrainians & the destroying the Wests economy We need to remove pro war extremists like Von Der Leyen & Scholz who live in fantasy and replace them with leaders who will stop the war & understand economics, supply chains & long term planning
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