Grocery prices in Ireland have increased by 27 percent since June 2021, significantly outpacing the general inflation rate. Inflation figures reveal a notable rise in essential food items like meat, fish, and dairy products. The Competition and Consumer Protection Commission has concluded that Irish supermarkets are not profiteering more than their international counterparts, despite consumer worries about price gouging. Agricultural output prices have also risen sharply, with farmer profits escalating, but farmers deny accusations of excessive gains. The new Agri Food Regulator seeks power to explore profit margins within the food supply chain more thoroughly.
Supermarkets are not making any higher profits than those in other countries despite food price inflation putting massive pressure on household budgets.
Grocery prices have surged 27 percent since June 2021, a rate almost three times that of general inflation as reported by the Central Statistics Office.
Farmers have denied claims of huge profits, even though farm-gate cattle prices have risen by 50 percent in the last year.
Cod fillets have increased nearly €5 per kilogram in the past year, reflecting a significant rise in costs for essential groceries.
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