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Irish prices among EU's highest

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  • 13-09-2011 3:47pm
    #1
    ejmaztec
    Registered Users Posts: 24,084 ✭✭✭✭


    No surprises on that score, even after deflation. It's not as bad as it was, but it could have been a lot better if businesses had gotten more more competitive, and commercial overheads been reduced a lot more.
    Irish consumers are still paying almost 20 per cent more than the European average for goods and services, despite a drop in inflation, according to the latest figures from Central Statistics Office (CSO).

    The exchequer deficit remained the highest of any EU member state in 2010 according to the Measuring Ireland’s Progress 2010 report published today.
    Government debt was at just over 96 per cent of gross domestic product (GDP) up from 25 per cent of GDP in 2007.

    Consumer prices fell in 2010 but remained high by EU standards. Ireland was the fifth most expensive EU state in 2010, after Denmark, Finland, Luxembourg and Sweden, with prices 18 per cent above the EU average.

    However this represents a considerable improvement on 2009 when Irish prices were 26 per cent above the EU average and second only to Denmark

    http://www.irishtimes.com/newspaper/breaking/2011/0913/breaking28.html


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    #2
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    and where do we rank in the EU for average wage? very high I'd imagine


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    #3
    ejmaztec
    Registered Users Posts: 24,084 ✭✭✭✭ejmaztec


    the groutch wrote: »
    and where do we rank in the EU for average wage? very high I'd imagine

    The average wage in Ireland is getting less relevant each day thanks to unemployment and emigration.


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    #4
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    ejmaztec wrote: »
    The average wage in Ireland is getting less relevant each day thanks to unemployment and emigration.

    that's a real FF kinda response, trying to swerve the question


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    #5
    ejmaztec
    Registered Users Posts: 24,084 ✭✭✭✭ejmaztec


    the groutch wrote: »
    that's a real FF kinda response, trying to swerve the question

    No it's not, that was a logical response from a person who's never voted FF in his life. Associating me with FF is a huge insult.


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    #6
    keithclancy
    Registered Users Posts: 9,208 ✭✭✭keithclancy


    CSO took the data from here:

    http://www.ecb.int/stats/prices/hicp/html/hicp_economic_activities_anr_2011-07.en.html


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    #7
    maxer68
    Closed Accounts Posts: 1,076 ✭✭✭maxer68


    Same as last year and year before, price data is from march of previous year and is 17 months out of date. At least it has been going in right direction - 11% down between march 2008 and march 2010.
    Next years survey will probably see Ireland about 14% above average.


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