New figures have revealed that the price for goods and services in Ireland has been ranked second highest in Europe, with alcohol and cigarettes being the most expensive.
Eurostat figures reveal that Ireland’s housing and utility bills are higher than any other country located in the EU with housing costs being nearly 78% higher than the EU average.
The research found that alcohol and cigarettes were 86.9% higher than the EU’s average. The Eurostat figures also revealed that Irish consumers paid more than the EU average across every area from transport costs to food prices, with the cost of personal transport, such as buying a car or a bicycle, being 13% higher than the EU average.
This makes Ireland the third most expensive country to buy a car, motorbike or bicycle.
Ireland ranked fifth in transport service costs, which were 37.1% higher than the EU average. In regards to communications, Ireland was 40% higher than the EU average while the costs for restaurants and hotels were nearly one third higher at 28.9%.
Ireland came close to standard EU costs for food prices which were slightly 10% above the EU average.