Airtricity announces Gas and Electricity price increases

Airtrcity has followed Bord Gais and announced prices rises from September 1st. Gas unit prices will rise by 21% and Electricity by 12%.

They blame the wholesale price of energy which has dramatically increased over the last year.

No word yet from the ESB but it seems likely that they will be following the price rises of its competitors in short order.

Keep an eye on www.bonkers.ie if you are thinking about making a switch in the coming days.

FS

Inflation static at 2.7%

The annual rate of inflation to the end of June has remained static at 2.7% according to the CSO.

Prices actually fell by 0.1% but this was offset by higher interest rates on borrowing.

The national consumer agency yesterday announced that food inflation is running at 5% as the big grocery retailers seem to be more content price matching their competitors than offering real value to their customers. This has hit people hard as grocery shopping is the second largest outgoing for Irish families outside of mortgage payments.

The results may differ next month as experts agree that the ESB and Airtricity will follow Bord Gais and announce increase energy prices in the coming weeks.

FS