Taoiseach Micheal Martin has said the Government has to plan for the cost of living to remain high for the medium term, and certainly for the next couple of months.
Public Expenditure Minister Michael McGrath, Social Protection Minister Heather Humphreys and Finance Minister Paschal Donohoe are working on a package of financial measures to relieve the pressure on households who are struggling with soaring inflation.
It comes as the Government is expected to announce on Tuesday that grants of more than €25,000 will be offered to individual householders to help pay for deep retrofits of their homes which in turn should reduce the cost of bills.