How much have prices increased for consumers in 6 months?

Agriculture & Consumer Affairs Correspondent

How much more are consumers paying now for energy, fuel, and on mortgage repayments than before the US began launching strikes on Iran at the end of February?

The latest conflict in the Middle East, which has been ongoing for nearly seven months now, continues to have a profound knock-on effect on global energy markets - leading to price spikes across the board.

Following Russia's invasion of Ukraine in February 2022, we saw something similar, however, before the most recent escalation in and around Iran, energy inflation had settled down to a large extent.

Since March though, Irish consumers have been feeling the effects of continuing price hikes for many products and services, but how significant have they been?

Back at the end of February, both a litre of diesel and petrol were costing around €1.70 on many forecourts.