Its particularly apparent in areas like heating, fuel and food.
The cost of living is rising in certain areas like groceries, heating and petrol.
The latest inflation figures show the rate stabilised for the month of June.
Chief Economist with KBC Bank, Austin Hughes, says it’s sending out mixed messages for consumers.
It’s believed post lockdown spending is one of the reasons behind the increase which is set to trend upwards for the year.
Journalist, Stephanie Rohan, has more:
Prices on average, as measured by the CPI, were 1.6% higher in June 2021 compared with June 2020https://t.co/rovZqNEY20 #CSOIreland #Ireland #CPI #ConsumerPrices #Inflation #Deflation #Prices #BusinessStatistics #Business #BusinessNews #IrishBusiness pic.twitter.com/AZ5BGtl3Ni
— Central Statistics Office Ireland (@CSOIreland) July 8, 2021

Daniel Kinahan Set To Apply For Bail
Former Swimming Coach George Gibney Jailed For Over 15 Years For Sexual Abuse Of Children
Robert Pether Returning To Ireland After Five-Year Iraqi Detention
Over 23,000 Teachers Beginning Industrial Action Today
New Funding Announced For Youth Services And Counselling In Kildare On World Mental Health Day
Jury In Triple Murder Trial Of Louth Family Sent Home
Appointment Cancellations Expected As Strikes To Take Place Next Week
Families Face Delays Arranging Funerals Amid Pressure On Post-Mortem Services