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Irish Mirror
Irish Mirror
National
David Kent

Irish inflation rate 2022: What is inflation, why is it so high in Ireland and what happens next?

A worldwide cost of living crisis has seen many people forced to tighten their belts when it comes to spending.

Many in Ireland are struggling to cope amid rises in cost of pretty much everything, a two-year battle with Covid-19 and the Russian invasion of Ukraine.

This is mainly down to the lack of an increase in wages to match an increase in inflation rates.

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