Inflation Hits 3.7% as Budget 2027 Battle Lines Drawn

Ireland's inflation rate surged to 3.7% in the 12 months to August, up from 3.4% in July, with home heating oil spiking a brutal 44% year-on-year. Petrol rose 9%, diesel 15%, and electricity 8%, while airfares climbed 14%. Oil has blown back past $102 per barrel and European gas prices have hit levels not seen since late 2022 — Deloitte's chief economist Kate English warns the pain is far from over heading into winter.

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