Panda Recycling has become the latest company to announce a price hike for its customers as the cost of living in Ireland fast becomes unbearable for some.
The latest announcement will see the bin collection company impose a double-digit price increase on households from the month of September, citing the global issue of inflation for the move.
More than 360,000 people nationwide will be hit by the changes which will see costs rise by 12%, while service charges will also be changed.
READ MORE: SSE Airtricity confirm gas and electric price rises for Ireland in latest cost of living blow
Therefore, from September 5 the cost of having your waste bin collected will go up by €1.13 to €10.25 - a rise of 12.4%.
Meanwhile, the twice-yearly service charge will go up by €4.86 to €62.50, which means the annual service charge will be €125 - marking a rise of 8.4pc.
This price hike comes just months after the company announced a 4.8% jump last December and will come as yet another unwelcome change for Irish billpayers.
Customers who have their bin collected every two weeks will now pay an additional €50 per year for their service.
Speaking to Newstalk on Friday, Conor Pope, Pricewatch Editor for the Irish Times said this is only the beginning and that other waste collection companies will quickly follow suit.
He said: “The reality is that all of the companies are likely to follow suit because we’ve seen that reflected across the board when it comes to food producers and petrol and diesel suppliers, when it comes to electricity and gas providers - one company raises their prices and they all follow.”
He went on to say that there “is not going to be a huge amount that people can do” in terms of making savings by getting your bins collected less frequently.
Mr. Pope also added that there isn’t much people can be advised to do, because most households are already doing all they can to make it to the end of the month.
“The reality is that we can talk a lot about money-saving tips and you should do x, y, and z but for hundreds of thousands of Irish consumers and households, they are already being put to the pin in their collar, they’re already doing all the things that we might advise them to do, so there is very little wiggle room left.”
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