Wed, 06 Jul 2022

DUBLIN, Ireland: A report released this week said that over 60 percent of all Irish have said they would need to reduce the amount of money they spend on food due to the rising cost of living.

The report, called 'Reflecting Ireland' and published by A Permanent TSB, also reported that 53 percent of those questioned said they did not know if they would be able to pay higher energy bills.

Officials said over 1,000 people answered questions for the survey, with 535 of the respondents claiming they are less well off than they were one year ago.

"The overall sense is one of pessimism and it's really driven by two factors. The first is uncertainty about where all of this is going, because as recently as three months ago most people thought this inflationary cycle would be a temporary blip and that we would emerge from it during the year 2022," said Claire Cogan, a founder of the consultancy Behaviour Wise, as quoted by the Irish Mirror.

"But since the war in Ukraine, all bets are off and people don't believe anymore that it's temporary."

Of note, the survey also showed that over 50 percent of respondents said they would switch power or gas providers to save money.

Additionally, 47 percent plan to switch car insurers, while 46 percent expect to change TV or broadband providers, in a bid to reduce household costs.

Meanwhile, Taniste Leo Varadkar said in the Dil this week that the Government will seek to eliminate some hospital charges for adults, along with reducing childcare expenses.

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