Latest news with #MinimumEssentialStandardofLiving
RTÉ News
04-07-2025
- Business
- RTÉ News
'It's just mad money' - Shoppers struggling with food price hikes
There have been more than 103,000 calls for help to St Vincent De Paul this year and almost half were requests for help with food. A further 14% were appeals for help with food as well as another issue. Food prices have increased by 24% in the last five years, according to the Central Statistics Office. "It's terrible," says one man shopping in Dublin. "My wife complains I'm spending all our money. I shop every day and every time I go to shop it's gone up. It's gone up." Other shoppers in the city say they have noticed prices rising, particularly with certain items. "Toilet roll, that's gone up. Butter's gone up. Everything," one young mother said. "Yeah, it's gone up now. Even with the vouchers. It's just mad money. "I think bread is gone up loads. Eggs is mad money as well and the baby food is expensive - not her formula - but more so just like the little packs and jars." "Bread's gone up," says another man. "Brown bread's gone up a lot - it's huge. They still have the usual carrots and special offers but you don't want to be eating carrots every day." CSO Statistician Anthony Dawson, who is responsible for the Consumer Price Index, said that overall the price of food and non-alcoholic beverages was up 4% in the last year. In the last five years, he said that food prices have increased by 24%. Mr Dawson added that certain items have increased notably in the past year. "Beef prices, they're up 20% compared to May 2024 ... and the price of milk is up 18% while butter is up 12% in that same time period. Something else we've seen is the price of chocolate is up 17% compared to this time last year." Mr Dawson says these are increases on top of already pretty substantial rises over the last five years. "Butter and milk they're both up 46%. Bread is up 26%, and we've seen potatoes increase by 17%." Coffee and tea prices are up 25% and 17% respectively, he added. Mr Dawson says that Ireland has already experienced record high inflation in 2022 and while it subsided in 2023, it was still high. "Again we're seeing that, come 2024/2025, still the prices continuing to increase." The total calls for help received by the St Vincent de Paul this year is 103,113. Of that number, 50,471 cited food (49%) while 14,655 (14%) cited food and another issue. The organisation tracks the cost of a basket of goods and services considered necessary to live at a socially acceptable minimum standard of living. Vincentian MESL (Minimum Essential Standard of Living) Research Centre Manager Robert Thornton said that it has noticed a change in how people shop since its previous research in 2020. "Five years ago, when we last talked to members of the public about this, they had agreed that you do most of your grocery shopping in one of the more discount retailers. "This time round, surprisingly, they actually came to agree that really all the supermarkets, with the range of special offers available, with some supermarkets offering vouchers or discounts with loyalty card schemes, that really they are much of a muchness in the end." As prices rise, Mr Thornton said some people are feeling the pinch more. "As costs have gone up by in and around 20% for food and approximately 19% overall, if we look at households reliant on social welfare, ultimately, we find that social welfare rates haven't really kept pace with the change in minimum living costs." He said the various one-off top-up supports, some of which were targeted, and some like the electricity credits which were provided to everyone, helped offset some of the spike iand things have improved compared to 2023 when living costs were at their highest. "But nevertheless ... we're really only now at approximately where we were in 2020 despite social welfare rates being in euro terms much higher now than they were then." Mr Thornton said the proportion of living costs now is no more significant than it was five years ago. Lone parent households and those with a second-level child or a teenager tend to be in deep income inadequacy, he said, where social welfare meets less than 90% of their minimum needs. "Our minimum basket is describing what people agree you should be able to have ... and they're going to have to do without at least some of that because their income just doesn't go far enough." In a statement, the Department of Enterprise highlights analysis by the Competition and Consumer Protection Commission (CCPC) in June 2023 that found no evidence of excessive pricing in the grocery retail market. The department said it has continued to review grocery price inflation in Ireland and that it remains broadly in line with the European average. Minister of State Alan Dillon - who has responsibility for retail - has requested the CCPC provides an update to the 2023 analysis, the statement added.
Irish Daily Mirror
17-06-2025
- Business
- Irish Daily Mirror
Essential minimum living costs in Ireland increased by almost 20% since 2020
Essential minimum living costs have increased nationally by almost 20 per cent in the past five years, a new report has revealed. The Minimum Essential Standard of Living (MESL) report was published on Tuesday by the Vincentian MESL Research Centre at the Society of Saint Vincent de Paul (SVP). It found that living costs in Ireland have increased by 1.8 per cent in the past year and 18.8 per cent since 2020. The report highlights that those on social welfare are not receiving enough to reach the minimum essential standard of living, which are services necessary to meet physical, psychological and social needs. And one-parent households are most at risk of financial inadequacy. As an example, the report noted that a one-parent household with a primary and second-level child only meets 82 per cent of the household's minimum needs when dependent on social welfare support. The cost of the needs of a child aged 12 and over remains the highest age group at €158 per week. Social welfare meets just 64 per cent of needs for this age group. The cost of the needs of a primary school age child is €98, while the needs of a preschool-age child costs €72 per week. Saint Vincent de Paul has also stressed that the national minimum wage - which is €13.50 an hour for workers over the age of 20 - "continues to be a concern". Since last year, the minimum outgoings for a single adult in minimum wage full-time employment has risen by 5.6 per cent. A worker in this scenario is making €131 less a week than they need to to meet minimum needs. The report has cited rising private rents in Dublin and an increase in home energy and food costs for this rise. In conclusion, the report highlighted that many household situations, particularly when reliant on social welfare, continue to be at risk of income inadequacy. It continued: "This is especially pronounced for single-adult households and families with older children. Although recent policy measures, such as the introduction of the New Baby Grant and the expansion of school meals and book schemes, have had a positive impact, they are not sufficient to close the gap for all household types."
RTÉ News
16-06-2025
- General
- RTÉ News
Minimum standard of living costs rise by almost 20% since 2020
Essential minimum living costs increased by 1.8% in the past year with a cumulative increase of 18.8% nationally since 2020. The figures are contained in the annual Minimum Essential Standard of Living (MESL) report published by the Society of Saint Vincent de Paul. The research team found that households with older children (second-level age) were at a greater risk of deep income inadequacy when dependent on social welfare. The cost of children aged 12-years and over is the highest of any other age group according to research. At €158 per week in 2025, social welfare meets 64% of needs for this age-group. The cost of the needs of a primary school age child is €98, while the needs of a preschool-age child costs €72 per week. The report also found that the essential standard of living needs for a one parent household with a primary and second-level child cost €555 per week. When dependent on social welfare supports, income only met 82% of this household's minimum needs. The cost of a minimum basket of goods for an urban single adult in minimum wage full-time employment rose by 5.6% in 2025. The report said that while employment generally improves household income, the adequacy of the national minimum wage "continues to be a concern".
