Average price of household shop to rise by €780 over next year

The price of living doesn't look set to stabilize any time soon

Image via Pexels.com/Anna Shvets

We're set to pay €3 more a day for food and drink over the coming year.

The Central Statistics Office is predicting the price of an average Irish household shopping bill will rise by €780 over the next 12 months.

But the Irish Independent quotes food industry sources as saying that could be a conservative estimate because of rising costs of raw materials, manufacturing, distribution and fuel.

While the conflict in Ukraine could also push prices up even further - with some suggesting we could be set to pay up to €4 extra a day for basic household goods over the next 12 months.

That would mean a yearly increase for in your grocery shop of up to €1000 by next February.