The cost of living is on the rise, with people's electricity, energy and fuel bills on the up.
People are also noticing the cost of groceries increasing with the shoppers' wallets much lighter after the weekly food shop.
In more bad news for Irish customers, the company behind some of the most popular cereal and chocolate products warned that further price rises could be on the way.
Nestle produces Shreddies and Cheerios, as well as KitKats, Yorkie and Aero chocolate bars.
The company has warned that more price rises could be on the horizon as it battles steep cost inflation, as Birmingham Live reports.
Mark Schneider, chief executive of the Swiss food group, said: "Cost inflation continues to increase sharply, which will require further pricing and mitigating actions over the course of the year.
"In these first months of the year, the war in Ukraine has caused unspeakable human suffering.
"We remain focused on supporting our colleagues there and providing humanitarian relief, while standing with the international community in the call for peace."
Matt Britzman, equity analyst at Hargreaves Lansdown, said: "Hiking prices to keep things moving in the right direction in the wake of input cost inflation certainly won't be a course of action management want to have to take.
"But nonetheless it's the position Nestle finds itself in and doesn't look likely to go away any time soon, which adds pressure to the group's volume-led strategy.
"So far, volumes have still been able to move in the right direction aided by the recovery in out-of-home channels that saw demand drop off while restrictions were in place last year."
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