New CSO paper shows how inflation impacts different households
Summary
Economist Emma Hard from TU Dublin analyzes new CSO data showing that young people face the highest inflation rates due to rising rent and dining costs, while households with children experience lower rates thanks to economies of scale and state supports. The discussion also highlights that rural households are disproportionately affected by energy price spikes driven by the Middle East conflict.
Topics discussed
Introduction to The Hard Shoulder
Overview of CSO inflation report and guest intro
Why young people face higher inflation rates
Inflation differences for households with children
Rural vs urban inflation and energy costs
Energy price spikes and need for sustainable energy
Future outlook for food prices and inflation
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