Food prices were the main reason for the jump in prices, with the cost of a kilogram of steak up \u20ac5 in the past year.<\/p>\n
Higher prices for meat, milk, butter, fish and pints of lager and stout sent the overall inflation rate for the year to September to 2.7pc.<\/p>\n
Inflation is up from 2pc in August, and is the highest inflation rate since March last year.<\/p>\n
The latest figures come as the budget disappointed middle-income earners as there was no income-tax package announced.<\/p>\n
This means someone earning \u20ac50,000 is expected to pay almost \u20ac500 extra in tax, USC and PRSI next year after the Government froze income tax bands and credits.<\/p>\n
The budget will also hit low-income people and increase income poverty levels, particularly for older people, because of the failure to provide a cost-of-living package, according to the Oireachtas-based Parliamentary Budget Office.<\/p>\n
Latest food price rises come at a time when Local Property Tax bills are \u00adgoing up, health insurance premiums are rising by up to \u20ac600 for families, and a string of energy companies are hiking \u00adprices, adding up to \u20ac250 to annual bills.<\/p>\n
Petrol and diesel prices went up on budget night due to carbon tax hikes, adding around \u20ac3 to the cost of a \u00adtypical tank fill.<\/p>\n
Independent economist Austin Hughes said it was going to be an expensive winter for many.<\/p>\n
He said the latest figures show that price pressures in many areas are intensifying. Meat prices increased at their fastest rate in two-and-a-half years, clothing prices rose at their fastest rate in two years, and energy prices registered their first year-on-year increase in two years.<\/p>\n
The cost of sirloin steak has now become unaffordable for many<\/p>\n
Mr Hughes said energy prices will pick up this winter, and global and \u00adlocal drivers are still pointing to upward pressure on food prices.<\/p>\n
The loss of budget cost-of-living supports and the rise in property tax means \u201cmany consumers may find cost-of-living pressures cause them real difficulties in the months ahead\u201d.<\/p>\n
Central Statistics Office (CSO) figures show that inflation rose to 2.7pc in the year to September 2025, up from 2pc the previous month.<\/p>\n
One of the main reasons for this was a 4.7pc surge in food prices in the year to September.<\/p>\n
The cost of sirloin steak has now become unaffordable for many. It is now \u20ac22 per kilogram, up 29pc on a year ago. The price of a pint of Guinness is up 25c in the past year to more than \u20ac6, the CSO said. A pint of lager in a pub is now \u20ac6.50 on average across the country.<\/p>\n
Health, home and motor insurance costs also continue to rise.<\/p>\n
The average price of full-fat milk per two litres was up 27c in the year.<\/p>\n
Butter per pound rose by 68c to \u20ac4.81.<\/p>\n
Roast beef (topside or rib) has risen in price per kilogram by \u20ac3.10 in the past year to \u20ac15.91.<\/p>\n
Childcare costs showed their first year-on-year increase in three years in September and the rise of 3.8pc was the fastest since September 2009.<\/p>\n","protected":false},"excerpt":{"rendered":"Food prices were the main reason for the jump in prices, with the cost of a kilogram of…\n","protected":false},"author":2,"featured_media":71036,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5168,5244,72,3361,943,113,604,8655,61,5167,60,33320,3362,5066],"class_list":["post-71035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-budget","tag-budget-2026","tag-business","tag-charlie-weston","tag-cost-of-living","tag-economy","tag-guinness","tag-health-insurance","tag-ie","tag-insurance","tag-ireland","tag-local-property-tax","tag-money-experts","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/71035","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=71035"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/71035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/71036"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=71035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=71035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=71035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}