Central Statistics Office\u2019s<\/a> Ireland 2025: The Year in Numbers neatly captures the two-tier nature of Ireland\u2019s economy. <\/p>\nWhile goods exports soared to a record \u20ac228 billion between January and October, delivering another bumper year for the pharmaceutical industry, households remained under the kosh from elevated inflation and rising food prices in particular.<\/p>\n
Would-be house buyers also saw their purchasing power shrink by a further 7.3 per cent.<\/p>\n
Headline inflation was clocked at 3.2 per cent in the year to November, with food inflation measured at 5.1 per cent, the highest since December 2023. <\/p>\n
The price of a kilo of sirloin steak was up by \u20ac5.06. The cost of several foods increased considerably last year, a factor that seems to be driving restaurant prices as well as household grocery bills.<\/p>\n
In the first three quarters of 2025, there were 24,325 new dwelling completions, which was an increase of 13 per cent on the same period in 2024.<\/p>\n
While the end-of-year total is expected to mark an improvement on last year\u2019s disappointing 30,000-plus units, it won\u2019t be anywhere near the Government\u2019s 50,000 target.<\/p>\n
The latter is perhaps the biggest reason why the median price of a home purchased in the 12 months to October was \u20ac381,000, compared with \u20ac350,000 in October 2024.<\/p>\n
Dublin had the highest median price for each of the first 10 months of the year, reaching \u20ac495,000 in October while D\u00fan Laoghaire-Rathdown was the most expensive area with a median price of \u20ac675,000. <\/p>\n
While housing pressures remain, other parts of the economy are changing. Almost six in 10 (57 per cent) of all new private cars licensed up to November were electric, plug-in hybrid or hybrid.<\/p>\n
As of the third quarter, average weekly earnings were \u20ac1,004, up by 44.9 per cent when compared with 10 years earlier in the third quarter in 2015, the CSO said.<\/p>\n
While positive, this is partially a reflection of wages in the multinational sector. Those working in the information and communication sector had the highest average weekly earnings.<\/p>\n","protected":false},"excerpt":{"rendered":"The State\u2019s population rose by 78,300 last year; average weekly earnings surpassed \u20ac1,000 for the first time and…\n","protected":false},"author":2,"featured_media":229940,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6572,14787,943,61,60,43],"class_list":["post-229939","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ireland","tag-cantillon","tag-central-statistics-office","tag-cost-of-living","tag-ie","tag-ireland","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/229939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=229939"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/229939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/229940"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=229939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=229939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=229939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}