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Single-person households have highest inflation
Henry Street in Dublin city centre Pic: Ireland's Content Pool

19 May 2023 / ireland Print

Single-person households have highest inflation

The Central Statistics Office (CSO) estimates that households with the lowest incomes experienced higher inflation of up to 8.3%, while some higher income households had annual estimated inflation of 7.3%.

That is in comparison with the annual Consumer Price Index (CPI) inflation figure of 7.7% in March 2023.

Households paying a mortgage had estimated annual inflation of 8.1% while inflation was estimated at 7.2% for households that own their home outright.

Households that rent their home from a private owner had an estimated inflation rate of 7.3%, versus 8.2% for those renting from a local authority.

The annual inflation rate for urban households, at 7.7% was the same as the March 2023 CPI figure, while estimated inflation stood at 7.4% for rural households.

Households where the reference person was under 35 had an estimated inflation rate of 7.2%. However, when the household reference person was 35 to 64 it was estimated at 7.7%, and where the reference person was 65 or over it was 7.8%.

Higher average

The highest inflation rate (8.5%) was experienced by households with one adult (without children). Other households with higher average inflation included those with one adult with children (8.0%), and two adults without children (7.8%).

Households containing two adults with more than three children, or households containing three or more adults with children also had higher than average inflation (7.9%).

Gazette Desk
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