Bend over . Here it comes again.
https://www.irishtimes.com/ireland/2023/01/23/how-the-cost-of-living-crisis-will-affect-your-grocery-bill-in-2023/The good news is that the double-digit food price spiral recorded over the past year may at last be easing. The bad news is that the era of food price deflation and historically cheap food is almost certainly at an end.
The average increase of €40 for a full shop, meanwhile, would suggest that many Irish households would be spending as much as €2,000 more per year on groceries now than they were in 2021. It is an eye-watering figure and all the more so when you consider that that would be from net pay, meaning many will have to earn twice that just to cover the cost.
In the longer term, O’Reilly does not see a return to the food price deflation that was evident across the Irish grocery sector in the years preceding the start of the cost-of-living crisis.
“There has definitely been a readjustment in pricing and we will see higher prices for the foreseeable future,” he says.