Families in Ireland were around €1,000 worse off last year thanks to the rapid inflation growth worldwide.
The CSO has released figures that show that despite a rise in median income the cost of living crisis led to a drop of around €1,00 for the average family. Disposable income for the year rose to around €47,000 but with inflation taken into account it dropped to €46,076.
There was also a 1.5% increase in the number of people at risk of poverty which was up to 13.1%. RTE reports that the CSO's Survey on Income and Living Conditions said those most at risk were the unemployed and those who had long-standing health problems.
