Poorer Irish households experiencing significantly higher inflation, CSO study finds via IrishTimesBiz
The study found that households paying a mortgage had estimated annual inflation of 7.8 per cent while for households that own their home outright, inflation was estimated to be 8.4 per cent. Similarly households that rent their home from a private owner had an estimated inflation rate of 8.3 per cent versus 9.1 per cent for those renting from a local authority.
The agency’s research also indicated households where the household reference person was aged under 35 and households where the reference person was aged 35 to 64 years had estimated inflation rates of 8 per cent while annual inflation was estimated to be 9 per cent where the reference person was aged 65 or over.
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