News

European new car registrations jumped in October, data from the region’s carmaker association showed today. The number of new vehicles registered in the European Union, Britain and the European Free Trade Association (EFTA) grew by 14.1% to 910,753 units, the European Automobile Manufacturers Association (ACEA) said. In the EU, the rise was 12.2%. Article Source…

New figures from the Central Statistics Office show that annual property price growth slowed to a 14-month low in September. The CSO said that residential property prices eased to 10.8% in September from 11.9% in August and down from a 2022 peak of 15.1% in February. Prices in Dublin rose by 9.4% and prices outside…

Toll charges on most toll roads around the country are to increase to their “maximum level” from 1 January 2023. The price hikes are linked to the current rate of inflation, which has increased by 8.6% between August 2021 and August 2022. The tolls cannot be increased beyond this rate. There are 10 toll roads…

Operators of battery storage power plants say they could cut up to €35m off energy bills on the island of Ireland this winter if they were allowed to sell electricity onto the wholesale market. At the moment the energy storage plants are kept in reserve to provide emergency back up for the power grid. The…

While businesses are still expanding, new data from Intertrade Ireland shows that the pace of growth is slowing as companies feel the pressure of rising prices. The latest Intertrade Ireland business monitor reveals that 21% of firms surveyed said their business was in decline in the third quarter of this year, compared with 18% during…

The Government will keep the payments to help people deal with the escalating cost of living under review, Minister for Public Expenditure Michael McGrath has said. “We will consider the circumstances that we face as we go through next year. We are seeing the economic winds change there is a certain amount uncertainty,” he said…

Grocery inflation rose to another record-breaking high of 13.4% in the last 12 weeks to October 30, new figures from Kantar show today. Kantar said that grocery sales for the 12 week period increased by 4.7% on the back of a 4.3% rise in shoppers returning to stores and an 8.7% increase in price per…

Just under 40% of consumers plan to make a purchase in the Black Friday sales, according to new research from the Competition and Consumer Protection Commission. On average, these consumers are set to spend €400. The findings show that over 80% plan on researching the advertised discount of the item before buying, with those over…

Motor insurers here saw their combined operating profits increase to a record level for the fifth straight year in a row last year, as lower levels of activity on the roads due to the pandemic led to fewer claims. Operating profits in 2021 climbed to €176m, up €5m on the previous year, new data from…

Consumers are being advised that they will have to pay more for a turkey this year for Christmas. Farmer and journalist Hannah Quinn-Mulligan said an average 13lb (6kg) turkey is likely to cost close to €60 compared to around €52 last year. Speaking on RTÉ’s This Week, she said the price jump is due to…