Energy, insurance and grocery costs to rise this year - but there are ways to still save money

Eoin Clarke of Switcher.ie emphasized, "The cost of groceries, health, and car insurance premiums continue to escalate, while broadband and energy prices look set to rise in 2025." The strategic return to higher VAT rates on gas and electricity, previously cut to aid households, alongside a projected carbon tax increase, signals tough times ahead for families.

Clarke noted that despite previous tax cuts meant to alleviate financial stress, the compounding price hikes in daily essentials will likely negate most of these savings, stating, "These budget cuts are estimated to deliver savings of close to €800 for a worker on the average wage of €50,000, but the increases could erase this benefit entirely."

Read at Irish Independent