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Household characteristics, Irish inflation and the cost of living

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  • Lydon, Reamonn

    (Central Bank of Ireland)

Abstract

Lower income, older and rural households experienced relatively larger cost of living increases from higher inflation in recent months. This is because energy-related spending – both home heating/energy and transport – is a higher share of overall expenditure for these households, and higher energy prices are currently the main driver of inflation. Taking a longer-term perspective on inflation developments from 1998 to the present, I find little historic evidence of systematic differences in inflation experienced by lower and higher income households.

Suggested Citation

  • Lydon, Reamonn, 2022. "Household characteristics, Irish inflation and the cost of living," Economic Letters 1/EL/22, Central Bank of Ireland.
    • Handle: RePEc:cbi:ecolet:1/el/22
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    File URL: https://www.centralbank.ie/docs/default-source/publications/economic-letters/household-characteristics-irish-inflation-and-the-cost-of-living.pdf?sfvrsn=5d86931d_7
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    Cited by:

    1. Barrett, Michelle & Farrell, Niall & Roantree, Barra, 2022. "Energy poverty and deprivation in Ireland," Research Series, Economic and Social Research Institute (ESRI), number RS144, June.
    2. Arrigoni, Simone & Boyd, Laura & McIndoe-Calder, Tara, 2022. "Household Economic Resilience," Quarterly Bulletin Articles, Central Bank of Ireland, pages 88-113, October.
    3. Doolan, Michael & Doorley, Karina & Regan, Mark & Roantree, Barra, 2022. "Distributional impact of tax and welfare policies: Budget 2023," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI).
    4. McQuinn, Kieran & O'Toole, Conor & Disch, Wendy & Shiel, Eva & Kenny, Eoin, 2022. "Quarterly Economic Commentary, Winter 2022," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC2022WIN, June.

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