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Dublin Live
Dublin Live
National
Dan Grennan

Cost of living crisis will 'intensify' with war economy looming

Our money is set to be worth less as the havoc of the Russian invasion of Ukraine continues to disrupt energy markets, according to an Economic and Social Research Institute report.

Irish punters have already seen major increases in energy bills and fuel costs and the war is also set to hit food prices.

Taoiseach Micheal Martin warned we are heading to a "war economy" which in this case means the price of pasta, bread and beer will soar.

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