Archive for November 2022

Grocery inflation rose to another record-breaking high of 13.4% in the last 12 weeks to October 30, new figures from Kantar show today. Kantar said that grocery sales for the 12 week period increased by 4.7% on the back of a 4.3% rise in shoppers returning to stores and an 8.7% increase in price per…

Just under 40% of consumers plan to make a purchase in the Black Friday sales, according to new research from the Competition and Consumer Protection Commission. On average, these consumers are set to spend €400. The findings show that over 80% plan on researching the advertised discount of the item before buying, with those over…

Motor insurers here saw their combined operating profits increase to a record level for the fifth straight year in a row last year, as lower levels of activity on the roads due to the pandemic led to fewer claims. Operating profits in 2021 climbed to €176m, up €5m on the previous year, new data from…

Consumers are being advised that they will have to pay more for a turkey this year for Christmas. Farmer and journalist Hannah Quinn-Mulligan said an average 13lb (6kg) turkey is likely to cost close to €60 compared to around €52 last year. Speaking on RTÉ’s This Week, she said the price jump is due to…

The Minister for Tourism will call on businesses in the sector to engage with sustainability targets for the sector, as it seeks to cut emissions as part of the Climate Action Plan. Catherine Martin will address over 200 tourism businesses at a climate action conference in Croke Park this morning, organised by Fáilte Ireland. The…

The Government will outline progress made on insurance reform later today, when it publishes its third Insurance Reform Implementation Report. It states that around 90% of actions in its Action Plan for Insurance Reform have been completed or are ongoing. Sinn Féin however has criticised the plan, saying that premiums for businesses and voluntary organisations…

ISME has today launched its 2022 Shop Local campaign calling on shoppers and businesses to “Think, Spend and Support Local”. The campaign has been developed to promote products and services from SMEs across Ireland. The focus of the campaign is for consumers to “Think Local” before they buy, then “Spend Locally” and “Support” with recommendations…

The European Union has agreed to a law to expand its forests, marshes and other “sinks” that absorb carbon dioxide (CO2), a measure that could allow the bloc to raise its target for cutting net emissions of greenhouse gases. Negotiators of the European Parliament and the European Council, which represents EU governments, agreed to a…

The annual rate of inflation rose to 9.2% in October, new figures from the Central Statistics Office show today. This compares to an annual rate of 8.2% in September and marks the highest rate of inflation since June 1984 when inflation was 9.7%. The CSO noted that consumer prices have been rising on an annual…

The European Commission has proposed changes to the EU’s onerous debt rules that would allow member states to negotiate their own debt reduction path, using the carrot of more flexibility if governments introduce reforms and investment. The Irish Government is understood to be supportive of the measures. The new measures will form part of the…